# PPP loan: UNIVERSAL ELECTRONICS INC
> **$2.37M** approved 04/07/2020 · Paid in Full · Loan `7265787002`
## Borrower
- **Name:** UNIVERSAL ELECTRONICS INC
- **Address:** 640 N PROSPECT DR, WHITEWATER, WI, 53190-1476
- **NAICS:** 334412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.37M
- **Initial approval:** $2.37M
- **Forgiven:** $1.80M (76%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.37M
- **Jobs reported:** 260
## Lender
- **Originating:** Associated Bank, National Association
- **Servicing:** Associated Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*