# PPP loan: WALLBOARD SPECIALTIES, INC.
> **$417K** approved 04/07/2020 · Paid in Full · Loan `7487517008`
## Borrower
- **Name:** WALLBOARD SPECIALTIES, INC.
- **Address:** 2560 S. 3270 W., WEST VALLEY CITY, UT, 84119-1118
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $417K
- **Initial approval:** $417K
- **Forgiven:** $422K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Rent:** $45K
- **Utilities:** $15K
- **Debt interest:** $6K
- **Jobs reported:** 32
## 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*