# PPP loan: OTIS INFORMATION TECHNOLOGIES, INC
> **$889K** approved 04/12/2020 · Paid in Full · Loan `3966357105`
## Borrower
- **Name:** OTIS INFORMATION TECHNOLOGIES, INC
- **Address:** 3516 Silverside Rd, Suite 19, Wilmington, DE, 19810-4911
- **NAICS:** 541519
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $889K
- **Initial approval:** $889K
- **Forgiven:** $876K (99%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $889K
- **Jobs reported:** 42
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*