# PPP loan: OTIS FORD INC
> **$937K** approved 04/08/2020 · Paid in Full · Loan `7889627009`
## Borrower
- **Name:** OTIS FORD INC
- **Address:** 32 MONTAUK HWY, QUOGUE, NY, 11959-4000
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $937K
- **Initial approval:** $937K
- **Forgiven:** $943K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $937K
- **Jobs reported:** 64
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*