# PPP loan: OPTICAL TELECOMMUNICATIONS, INC.
> **$1.31M** approved 04/07/2020 · Charged Off · Loan `7110467006`
## Borrower
- **Name:** OPTICAL TELECOMMUNICATIONS, INC.
- **Address:** 1360 S. Dixie Highway, #200, MIAMI, FL, 33146-2656
- **NAICS:** 515210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.25M (95%)
- **Forgiveness date:** 01/26/2022
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $986K
- **Utilities:** $329K
- **Jobs reported:** 123
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*