# PPP loan: OLEM SHOE CORP
> **$522K** approved 04/12/2020 · Paid in Full · Loan `3870187108`
## Borrower
- **Name:** OLEM SHOE CORP
- **Address:** 800 NW 21ST ST, MIAMI, FL, 33127-4626
- **NAICS:** 424340
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $522K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Mortgage interest:** $104K
- **Jobs reported:** 45
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*