# PPP loan: UNIVERSAL SERVICES TELECOMMUNICATIONS TE
> **$1.58M** approved 04/07/2020 · Paid in Full · Loan `6527147005`
## Borrower
- **Name:** UNIVERSAL SERVICES TELECOMMUNICATIONS TE
- **Address:** 12151 120TH ST S, HASTINGS, MN, 55033-9428
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.58M
- **Initial approval:** $1.58M
- **Forgiven:** $1.60M (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Rent:** $62K
- **Utilities:** $20K
- **Jobs reported:** 100
## Lender
- **Originating:** Bridgewater Bank
- **Servicing:** Bridgewater Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*