# PPP loan: OFTA LLC
> **$1.82M** approved 04/07/2020 · Paid in Full · Loan `7641007007`
## Borrower
- **Name:** OFTA LLC
- **Address:** 921 DIVISION AVE, GRAND RAPIDS, MI, 49503-1401
- **NAICS:** 524127
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.82M
- **Initial approval:** $1.82M
- **Forgiven:** $1.84M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Rent:** $146K
- **Utilities:** $36K
- **Health care:** $273K
- **Jobs reported:** 156
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*