# PPP loan: ULTRAFLEX SYSTEMS, INC
> **$353K** approved 04/08/2020 · Paid in Full · Loan `8157307006`
## Borrower
- **Name:** ULTRAFLEX SYSTEMS, INC
- **Address:** 237 South Street, POTTSTOWN, PA, 19464-5984
- **NAICS:** 339113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $355K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $325K
- **Rent:** $18K
- **Utilities:** $10K
- **Jobs reported:** 19
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*