# PPP loan: ROBERT E OTTO INC
> **$212K** approved 04/04/2020 · Paid in Full · Loan `5059647006`
## Borrower
- **Name:** ROBERT E OTTO INC
- **Address:** 350 Montauk Highway, WAINSCOTT, NY, 11975-2000
- **NAICS:** 444190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Rent:** $42K
- **Jobs reported:** 11
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*