# PPP loan: UNIVERSAL TOOLS & MANUFACTURING COMPANY
> **$237K** approved 04/30/2020 · Paid in Full · Loan `7644527310`
## Borrower
- **Name:** UNIVERSAL TOOLS & MANUFACTURING COMPANY
- **Address:** 115 Victory Road, Springfield, NJ, 07081
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $241K (102%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $237K
- **Jobs reported:** 28
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*