# PPP loan: OC TRANSIT INC.
> **$159K** approved 03/13/2021 · Exemption 4 · Loan `1827788603`
## Borrower
- **Name:** OC TRANSIT INC.
- **Address:** 12862 GARDEN BLVD 220, GARDEN GROVE, CA, 92843
- **NAICS:** 485113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $40K (25%)
- **Forgiveness date:** 08/11/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $159K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*