# PPP loan: HERITAGE OPTICAL CENTER, INC.
> **$363K** approved 04/30/2020 · Exemption 4 · Loan `7327627301`
## Borrower
- **Name:** HERITAGE OPTICAL CENTER, INC.
- **Address:** 19010 LIVERNOIS AVE, DETROIT, MI, 48221
- **NAICS:** 446130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $311K (86%)
- **Forgiveness date:** 12/07/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $299K
- **Rent:** $35K
- **Utilities:** $4K
- **Health care:** $26K
- **Jobs reported:** 32
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*