# PPP loan: UTE, INC
> **$388K** approved 05/13/2020 · Paid in Full · Loan `5954847406`
## Borrower
- **Name:** UTE, INC
- **Address:** 3060 Westwood Drive, Las Vegas, NV, 89109
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $388K
- **Initial approval:** $388K
- **Forgiven:** $390K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $349K
- **Rent:** $39K
- **Jobs reported:** 33
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*