PPP Loan information for Otics usa, inc.

$4,320,050

Otics usa, inc. was initially approved for PPP Loan of amount $4,320,050, the current approved amount is $4,320,050. The loan was approved on 04/09/2020 by The First Horizon Bank reported 378 jobs and $4,320,050 was used to fund payroll.

Otics usa, inc. is Existing or more than 2 years old

PPP Loan Search / TN / MORRISTOWN / Otics usa, inc.

OTICS USA, INC.

Date Approved

04/09/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

OTICS USA, INC.

Borrower Address

5555 Interstate View Drive

Borrower City

MORRISTOWN

Borrower State

TN

Borrower Zip

37813

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4320050.00

Current Approval Amount

4320050.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MORRISTOWN

Project County Name

HAMBLEN

Project State

TN

Project Zip

37813-1000

CD

TN-01

Jobs Reported

378

NAICS Code

336111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

250000.00

Payroll Proceed

4070050.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4369250.57

Forgiveness Date

06/11/2021

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