# PPP loan: UTILITY SYSTEMS OF AMERICA INC
> **$476K** approved 04/13/2020 · Paid in Full · Loan `5616257109`
## Borrower
- **Name:** UTILITY SYSTEMS OF AMERICA INC
- **Address:** 1280 Industrial pkwy, EVELETH, MN, 55734-8629
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $476K
- **Initial approval:** $500K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $381K
- **Utilities:** $5K
- **Health care:** $90K
- **Jobs reported:** 35
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*