# PPP loan: OTA COMPRESSION, LLC
> **$846K** approved 04/04/2020 · Paid in Full · Loan `4831497000`
## Borrower
- **Name:** OTA COMPRESSION, LLC
- **Address:** 120 Industrial Avenue, GRANBURY, TX, 76049-7809
- **NAICS:** 333132
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $846K
- **Initial approval:** $846K
- **Forgiven:** $853K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $786K
- **Rent:** $40K
- **Utilities:** $20K
- **Jobs reported:** 58
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*