# PPP loan: OLIVELA INC.
> **$800K** approved 04/28/2020 · Paid in Full · Loan `1640937310`
## Borrower
- **Name:** OLIVELA INC.
- **Address:** 10 East 40th Street FL 26, NEW YORK, NY, 10016-0301
- **NAICS:** 448120
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $808K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $740K
- **Utilities:** $60K
- **Jobs reported:** 50
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*