# PPP loan: UNIVERSAL LASER SYSTEMS, INC.
> **$2.17M** approved 04/09/2020 · Exemption 4 · Loan `9865737001`
## Borrower
- **Name:** UNIVERSAL LASER SYSTEMS, INC.
- **Address:** 16008 N 81st Street 0.0, Scottsdale, AZ, 85260-1803
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.17M
- **Initial approval:** $2.17M
- **Forgiven:** $1.59M (73%)
- **Forgiveness date:** 08/16/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.78M
- **Rent:** $30K
- **Utilities:** $90K
- **Health care:** $270K
- **Jobs reported:** 178
## 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*