# PPP loan: CLOSET MASTERS, INC
> **$285K** approved 04/14/2020 · Paid in Full · Loan `6895267108`
## Borrower
- **Name:** CLOSET MASTERS, INC
- **Address:** 5585 W Wells Park Rd, WEST JORDAN, UT, 84081
- **NAICS:** 315990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $287K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $23K
- **Mortgage interest:** $10K
- **Utilities:** $5K
- **Health care:** $16K
- **Debt interest:** $6K
- **Jobs reported:** 23
## Lender
- **Originating:** First Utah Bank
- **Servicing:** First Utah Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*