# PPP loan: UNIVERSAL MACHINING INDUSTRIES, INC.
> **$1.17M** approved 04/05/2020 · Paid in Full · Loan `5557587004`
## Borrower
- **Name:** UNIVERSAL MACHINING INDUSTRIES, INC.
- **Address:** 810 East Division, Muenster, TX, 76252-2769
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.06M
- **Utilities:** $117K
- **Jobs reported:** 93
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*