# PPP loan: OCTO PRODUCT DEVELOPMENT INC
> **$216K** approved 04/06/2020 · Paid in Full · Loan `5784987006`
## Borrower
- **Name:** OCTO PRODUCT DEVELOPMENT INC
- **Address:** 999 Main St. STE 705, PAWTUCKET, RI, 02860-4852
- **NAICS:** 711510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $216K
- **Jobs reported:** 12
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*