# PPP loan: UNIVERSAL INSULATION INC
> **$523K** approved 04/09/2020 · Paid in Full · Loan `8872817005`
## Borrower
- **Name:** UNIVERSAL INSULATION INC
- **Address:** 1385 101ST ST SUITE D, LEMONT, IL, 60439-9625
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $523K
- **Initial approval:** $523K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Rent:** $52K
- **Utilities:** $26K
- **Debt interest:** $26K
- **Jobs reported:** 32
## Lender
- **Originating:** Cornerstone National Bank & Trust Company
- **Servicing:** Cornerstone National Bank & Trust Company (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*