# PPP loan: DOUBLE OTIS INC.
> **$515K** approved 01/22/2021 · Paid in Full · Loan `4030178310`
## Borrower
- **Name:** DOUBLE OTIS INC.
- **Address:** 1415 Division Ave S, Grand Rapids, MI, 49507-1601
- **NAICS:** 238150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $515K
- **Jobs reported:** 42
## Lender
- **Originating:** Macatawa Bank
- **Servicing:** Macatawa Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*