# PPP loan: OTSC SERVICES, LLC
> **$1.93M** approved 04/05/2020 · Charged Off · Loan `5191127000`
## Borrower
- **Name:** OTSC SERVICES, LLC
- **Address:** 116 COUNTY ROAD 315, SEMINOLE, TX, 79360-5846
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.93M
- **Initial approval:** $1.93M
- **Forgiven:** $971K (50%)
- **Forgiveness date:** 06/24/2021
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $1.54M
- **Rent:** $193K
- **Utilities:** $193K
- **Jobs reported:** 108
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*