# PPP loan: OPTIMAL ENERGY RESOURCES, INC
> **$501K** approved 05/03/2020 · Charged Off · Loan `1019517402`
## Borrower
- **Name:** OPTIMAL ENERGY RESOURCES, INC
- **Address:** 456 Galaxy Dr, Castle Rock, CO, 80108
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $501K
- **Forgiven:** $434K (87%)
- **Forgiveness date:** 08/15/2022
- **Status:** Charged Off
- **Term:** 26 months
## Use of funds
- **Payroll:** $501K
- **Jobs reported:** 16
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*