# PPP loan: OCMBC, INC.
> **$7.47M** approved 04/16/2020 · Paid in Full · Loan `2808477204`
## Borrower
- **Name:** OCMBC, INC.
- **Address:** 19000 MACARTHUR BLVD, STE 200, IRVINE, CA, 92612-1420
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.47M
- **Initial approval:** $7.47M
- **Forgiven:** $7.55M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.60M
- **Utilities:** $1.87M
- **Jobs reported:** 152
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*