# PPP loan: UNIVERSAL PRODUCTION CORP
> **$1.52M** approved 04/09/2020 · Paid in Full · Loan `9126227008`
## Borrower
- **Name:** UNIVERSAL PRODUCTION CORP
- **Address:** 1776 Tamarack Rd, NEWARK, OH, 43055-1359
- **NAICS:** 321211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.54M (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Rent:** $15K
- **Utilities:** $137K
- **Health care:** $229K
- **Jobs reported:** 195
## Lender
- **Originating:** Heartland Bank
- **Servicing:** Heartland Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*