# PPP loan: UNIVERSAL MEDICAL SERVICES, INC.
> **$389K** approved 05/13/2020 · Paid in Full · Loan `6051737401`
## Borrower
- **Name:** UNIVERSAL MEDICAL SERVICES, INC.
- **Address:** 1801 Nicollet Avenue S, MINNEAPOLIS, MN, 55403
- **NAICS:** 621498
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $355K
- **Rent:** $23K
- **Utilities:** $10K
- **Jobs reported:** 48
## Lender
- **Originating:** First Resource Bank
- **Servicing:** First Resource Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*