# PPP loan: OASIS ADVANCED ENGINEERING INC
> **$860K** approved 05/01/2020 · Paid in Full · Loan `1990777702`
## Borrower
- **Name:** OASIS ADVANCED ENGINEERING INC
- **Address:** 3200 CROSS CREEK PKY, AUBURN HILLS, MI, 48326
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $860K
- **Initial approval:** $860K
- **Forgiven:** $867K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $725K
- **Rent:** $92K
- **Utilities:** $8K
- **Health care:** $35K
- **Jobs reported:** 44
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*