# PPP loan: UDELLS CABINETS INC
> **$150K** approved 04/13/2020 · Paid in Full · Loan `5601547110`
## Borrower
- **Name:** UDELLS CABINETS INC
- **Address:** 1750 E. Hwy 40, VERNAL, UT, 84078-8599
- **NAICS:** 337110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $125K
- **Mortgage interest:** $3K
- **Utilities:** $10K
- **Health care:** $12K
- **Jobs reported:** 17
## Lender
- **Originating:** Grand Valley Bank
- **Servicing:** Grand Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*