PPP Loan information for Otic, inc.

$32,100

Otic, inc. was initially approved for PPP Loan of amount $32,100, the current approved amount is $32,100. The loan was approved on 04/10/2020 by The Upper Peninsula State Bank reported 17 jobs and $32,100 was used to fund payroll.

Otic, inc. is Existing or more than 2 years old

PPP Loan Search / MI / ESCANABA / Otic, inc.

OTIC, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

OTIC, INC.

Borrower Address

2510 First Avenue North

Borrower City

ESCANABA

Borrower State

MI

Borrower Zip

49829-1303

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

32100.00

Current Approval Amount

32100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34514

Servicing Lender Name

Upper Peninsula State Bank

Servicing Lender Address

430 N Lincoln Rd

Servicing Lender City

ESCANABA

Servicing Lender State

MI

Servicing Lender Zip

49829-1365

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ESCANABA

Project County Name

DELTA

Project State

MI

Project Zip

49829-1303

CD

MI-01

Jobs Reported

17

NAICS Code

713950

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3210.00

Payroll Proceed

25680.00

Mortgage Interest Proceed

3210.00

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

34514

Originating Lender

Upper Peninsula State Bank

Originating Lender City

ESCANABA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

32455.30

Forgiveness Date

05/27/2021

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