# PPP loan: OTEX SPECIALTY NARROW FABRICS INC.
> **$488K** approved 01/22/2021 · Paid in Full · Loan `4120488302`
## Borrower
- **Name:** OTEX SPECIALTY NARROW FABRICS INC.
- **Address:** 4 Essex Ave Ste 403, Bernardsville, NJ, 07924-2265
- **NAICS:** 313220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $487K
- **Utilities:** $1
- **Jobs reported:** 41
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*