# PPP loan: OTTO INSTRUMENT SERVICE INC.
> **$1.89M** approved 01/22/2021 · Paid in Full · Loan `4121128301`
## Borrower
- **Name:** OTTO INSTRUMENT SERVICE INC.
- **Address:** 1441 Valencia Pl, Ontario, CA, 91761-7639
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.89M
- **Initial approval:** $1.89M
- **Forgiven:** $1.90M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.89M
- **Utilities:** $1
- **Jobs reported:** 98
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*