# PPP loan: OTTO ENERGY (USA) INC
> **$178K** approved 03/24/2021 · Paid in Full · Loan `7597988605`
## Borrower
- **Name:** OTTO ENERGY (USA) INC
- **Address:** 1200 Smith St Ste 1080, Houston, TX, 77002-4505
- **NAICS:** 211120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $178K
- **Utilities:** $1
- **Jobs reported:** 7
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*