# PPP loan: UNIVERSAL AUDIO, INC
> **$4.09M** approved 04/08/2020 · Paid in Full · Loan `7773117007`
## Borrower
- **Name:** UNIVERSAL AUDIO, INC
- **Address:** 4585 Scotts Valley Drive, SCOTTS VALLEY, CA, 95066-4517
- **NAICS:** 334310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.09M
- **Initial approval:** $4.09M
- **Forgiven:** $4.14M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.07M
- **Rent:** $341K
- **Utilities:** $341K
- **Health care:** $341K
- **Jobs reported:** 201
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*