PPP Loan information for Otis it inc

$927,560

Otis it inc was initially approved for PPP Loan of amount $927,560, the current approved amount is $927,560. The loan was approved on 03/12/2021 by The PNC Bank, National Association reported 41 jobs and $927,560 was used to fund payroll.

Otis it inc is Existing or more than 2 years old

PPP Loan Search / DE / Wilmington / Otis it inc

OTIS IT INC

Date Approved

03/12/2021

SBA Office Code

0341

Processing Method

PPS

Borrower Name

OTIS IT INC

Borrower Address

3516 Silverside Rd Ste 19 3516 Silverside Rd Ste 19

Borrower City

Wilmington

Borrower State

DE

Borrower Zip

19810-4932

Loan Status Date

03/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

927560.00

Current Approval Amount

927560.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wilmington

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19810-4932

CD

DE-

Jobs Reported

41

NAICS Code

541519

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

927557.00

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

Subchapter S Corporation

Originating Lender Location Id

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

936062.63

Forgiveness Date

02/09/2022

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