# PPP loan: UNIVERSAL COLLECTION SYSTEMS INC.
> **$297K** approved 02/12/2021 · Paid in Full · Loan `7623488406`
## Borrower
- **Name:** UNIVERSAL COLLECTION SYSTEMS INC.
- **Address:** 5240 Mendenhall Park Pl, Memphis, TN, 38115-5904
- **NAICS:** 561440
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $297K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Bank of Bartlett
- **Servicing:** Bank of Bartlett (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*