# PPP loan: UNIVERSAL TECHNOLOGIES INC.
> **$298K** approved 04/07/2020 · Paid in Full · Loan `7272517000`
## Borrower
- **Name:** UNIVERSAL TECHNOLOGIES INC.
- **Address:** 244 POWELL RD, MAYFIELD, KY, 42066-9009
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $37K
- **Utilities:** $37K
- **Jobs reported:** 23
## Lender
- **Originating:** FNB Bank, Inc.
- **Servicing:** FNB Bank, Inc. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*