# PPP loan: OPAL FINANCIAL GROUP, INC.
> **$632K** approved 05/01/2020 · Paid in Full · Loan `2900417701`
## Borrower
- **Name:** OPAL FINANCIAL GROUP, INC.
- **Address:** 18a White Oak Lane, SOUTHAMPTON, NY, 11968
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $474K
- **Rent:** $114K
- **Utilities:** $27K
- **Health care:** $17K
- **Jobs reported:** 37
## 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*