# PPP loan: UNITED CONVEYOR CORPORATION
> **$3.85M** approved 04/08/2020 · Paid in Full · Loan `8088217009`
## Borrower
- **Name:** UNITED CONVEYOR CORPORATION
- **Address:** 2100 Norman Drive West, WAUKEGAN, IL, 60085-6752
- **NAICS:** 333922
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.85M
- **Initial approval:** $3.85M
- **Forgiven:** $3.89M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.47M
- **Health care:** $372K
- **Jobs reported:** 189
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*