# PPP loan: 2012 USP HOLDINGS, INC.
> **$7.84M** approved 04/15/2020 · Paid in Full · Loan `9663807109`
## Borrower
- **Name:** 2012 USP HOLDINGS, INC.
- **Address:** 570 Elmont Road, Elmont, NY, 11003
- **NAICS:** 511120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.84M
- **Initial approval:** $7.84M
- **Forgiven:** $3.18M (41%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Rent:** $500K
- **Mortgage interest:** $500K
- **Utilities:** $500K
- **Health care:** $2.50M
- **Debt interest:** $340K
- **Jobs reported:** 500
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*