PPP Loan information for Ola, inc

$646,600

Ola, inc was initially approved for PPP Loan of amount $646,000, the current approved amount is $646,600. The loan was approved on 04/28/2020 by The Farmers & Merchants Bank of Long Beach reported 120 jobs and $646,600 was used to fund payroll.

Ola, inc is Existing or more than 2 years old

PPP Loan Search / CA / Huntington Beach / Ola, inc

OLA, INC

Date Approved

04/28/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

OLA, INC

Borrower Address

21400 Pacific Coast Hwy

Borrower City

Huntington Beach

Borrower State

CA

Borrower Zip

92648

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

646000.00

Current Approval Amount

646600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

5479

Servicing Lender Name

Farmers & Merchants Bank of Long Beach

Servicing Lender Address

302 Pine Ave

Servicing Lender City

LONG BEACH

Servicing Lender State

CA

Servicing Lender Zip

90802-2326

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Huntington Beach

Project County Name

ORANGE

Project State

CA

Project Zip

92648-0001

CD

CA-47

Jobs Reported

120

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

646600.00

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

5479

Originating Lender

Farmers & Merchants Bank of Long Beach

Originating Lender City

LONG BEACH

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

650957.91

Forgiveness Date

01/07/2021

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