# PPP loan: UNIVERSAL HI-TECH DEVELOPMENT INC.
> **$242K** approved 02/13/2021 · Paid in Full · Loan `8183028408`
## Borrower
- **Name:** UNIVERSAL HI-TECH DEVELOPMENT INC.
- **Address:** 1383 Piccard Dr, Rockville, MD, 20850-4329
- **NAICS:** 519190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*