# PPP loan: UNIVERSAL COMPANIES, INC.
> **$1.52M** approved 04/09/2020 · Paid in Full · Loan `9515357005`
## Borrower
- **Name:** UNIVERSAL COMPANIES, INC.
- **Address:** 18260 OAK PARK DR, ABINGDON, VA, 24210-8090
- **NAICS:** 551112
- **Business type:** 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:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Rent:** $240K
- **Mortgage interest:** $54K
- **Utilities:** $48K
- **Jobs reported:** 132
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*