# PPP loan: UNIVERSAL TOOL COMPANY INC.
> **$264K** approved 04/14/2020 · Paid in Full · Loan `6663727105`
## Borrower
- **Name:** UNIVERSAL TOOL COMPANY INC.
- **Address:** 33 ROSE PL, SPRINGFIELD, MA, 01104-3103
- **NAICS:** 332510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $266K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $264K
- **Jobs reported:** 27
## Lender
- **Originating:** Westfield Bank
- **Servicing:** Westfield Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*