# PPP loan: UNIVERSITY MOTORS, INC.
> **$267K** approved 04/06/2020 · Paid in Full · Loan `5744887006`
## Borrower
- **Name:** UNIVERSITY MOTORS, INC.
- **Address:** 6005 CHARLOTTE PIKE, NASHVILLE, TN, 37209-3025
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Rent:** $15K
- **Utilities:** $8K
- **Debt interest:** $30K
- **Jobs reported:** 24
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*