# PPP loan: UNIVERSAL TOOLS & MANUFACTURING CO.
> **$250K** approved 03/18/2021 · Paid in Full · Loan `4235858600`
## Borrower
- **Name:** UNIVERSAL TOOLS & MANUFACTURING CO.
- **Address:** 115 Victory Rd, Springfield, NJ, 07081-1314
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*