# PPP loan: OTECO, INC
> **$850K** approved 04/11/2020 · Paid in Full · Loan `2746847103`
## Borrower
- **Name:** OTECO, INC
- **Address:** 2828 TROUT ST, HOUSTON, TX, 77093-5546
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $856K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $850K
- **Jobs reported:** 57
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*