# PPP loan: OTTO ENGINEERING
> **$1.80M** approved 08/03/2020 · Paid in Full · Loan `2963948210`
## Borrower
- **Name:** OTTO ENGINEERING
- **Address:** 2 East Main Street, CARPENTERSVILLE, IL, 60110-2624
- **NAICS:** 335931
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.80M
- **Initial approval:** $1.80M
- **Forgiven:** $1.81M (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.80M
- **Jobs reported:** 500
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*