# PPP loan: OMI INC
> **$294K** approved 04/07/2020 · Paid in Full · Loan `7406967002`
## Borrower
- **Name:** OMI INC
- **Address:** 5151 RESEARCH DR, HUNTSVILLE, AL, 35805-5910
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $264K
- **Rent:** $20K
- **Utilities:** $8K
- **Debt interest:** $2K
- **Jobs reported:** 31
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*