# PPP loan: RED OLIVE DESIGN INC.
> **$439K** approved 04/15/2020 · Paid in Full · Loan `1730267205`
## Borrower
- **Name:** RED OLIVE DESIGN INC.
- **Address:** 9800 S MONROE ST, SANDY, UT, 84070-4419
- **NAICS:** 519130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $439K
- **Initial approval:** $439K
- **Forgiven:** $441K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $329K
- **Mortgage interest:** $9K
- **Utilities:** $300
- **Health care:** $100K
- **Jobs reported:** 25
## Lender
- **Originating:** Bank of Utah
- **Servicing:** Bank of Utah (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*