# PPP loan: UTILITY LINE SERVICES INC
> **$7.78M** approved 04/14/2020 · Paid in Full · Loan `7987907101`
## Borrower
- **Name:** UTILITY LINE SERVICES INC
- **Address:** 409 Stenton Avenue, Flourtown, PA, 19031
- **NAICS:** 237120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.78M
- **Initial approval:** $7.78M
- **Forgiven:** $7.89M (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.45M
- **Rent:** $21K
- **Utilities:** $27K
- **Health care:** $274K
- **Jobs reported:** 380
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*