# PPP loan: OLA INC.
> **$886K** approved 01/23/2021 · Paid in Full · Loan `5033228301`
## Borrower
- **Name:** OLA INC.
- **Address:** 21040 Pacific Coast Hwy Ste F200, Huntington Beach, CA, 92648-5383
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $886K
- **Initial approval:** $886K
- **Forgiven:** $890K (100%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $886K
- **Utilities:** $1
- **Jobs reported:** 105
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*