# PPP loan: OPT1, INC.
> **$805K** approved 04/05/2020 · Paid in Full · Loan `5404517004`
## Borrower
- **Name:** OPT1, INC.
- **Address:** 161 E GRAND AVE, CHICAGO, IL, 60611-3805
- **NAICS:** 512191
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $805K
- **Initial approval:** $805K
- **Forgiven:** $811K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $805K
- **Jobs reported:** 50
## Lender
- **Originating:** American Commercial Bank & Trust, National Association
- **Servicing:** American Commercial Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*