# PPP loan: ONSET FINANCIAL, INC.
> **$1.35M** approved 04/14/2020 · Paid in Full · Loan `7040057103`
## Borrower
- **Name:** ONSET FINANCIAL, INC.
- **Address:** 274 W 12300 S, DRAPER, UT, 84020-8080
- **NAICS:** 532420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.35M
- **Jobs reported:** 85
## Lender
- **Originating:** First Guaranty Bank
- **Servicing:** First Guaranty Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*