# PPP loan: GENERAL OPTICAL COMPANY
> **$188K** approved 05/01/2020 · Paid in Full · Loan `2585077705`
## Borrower
- **Name:** GENERAL OPTICAL COMPANY
- **Address:** 1235 S. Center Rd Suite 16, BURTON, MI, 48509
- **NAICS:** 446130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $16K
- **Utilities:** $3K
- **Health care:** $19K
- **Jobs reported:** 19
## 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*