# PPP loan: UTILITY TECHNOLOGY SERVICES, INC.
> **$175K** approved 04/09/2020 · Paid in Full · Loan `9695597003`
## Borrower
- **Name:** UTILITY TECHNOLOGY SERVICES, INC.
- **Address:** 4901 Clay Ave. SW 0.0, Grand Rapids, MI, 49548-3074
- **NAICS:** 423720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $32K
- **Utilities:** $13K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*