# PPP loan: OPAL LABS, INC.
> **$1.85M** approved 04/13/2020 · Paid in Full · Loan `4858637103`
## Borrower
- **Name:** OPAL LABS, INC.
- **Address:** 1060 NW 9TH AVENUE, Portland, OR, 97209
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.78M
- **Mortgage interest:** $71K
- **Jobs reported:** 61
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*