# PPP loan: OT PRECISION MACHINING, INC.
> **$632K** approved 04/30/2020 · Paid in Full · Loan `7732047308`
## Borrower
- **Name:** OT PRECISION MACHINING, INC.
- **Address:** 1450 Seareel Place, San Jose, CA, 95131
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $474K
- **Rent:** $158K
- **Jobs reported:** 56
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*