# PPP loan: UMI SERVICES LLC
> **$163K** approved 04/07/2020 · Paid in Full · Loan `6932877005`
## Borrower
- **Name:** UMI SERVICES LLC
- **Address:** 25 INDUSTRIAL BLVD, BAILEYTON, AL, 35019-8364
- **NAICS:** 238290
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $139K
- **Rent:** $10K
- **Utilities:** $6K
- **Health care:** $8K
- **Jobs reported:** 13
## Lender
- **Originating:** Merchants Bank of Alabama, A Division of SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*