# PPP loan: OPEL SYSTEMS INC
> **$588K** approved 04/15/2020 · Paid in Full · Loan `8229907107`
## Borrower
- **Name:** OPEL SYSTEMS INC
- **Address:** 3221 W BIG BEAVER RD STE 100, TROY, MI, 48084
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $588K
- **Initial approval:** $588K
- **Forgiven:** $596K (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $509K
- **Rent:** $21K
- **Utilities:** $2K
- **Health care:** $55K
- **Jobs reported:** 45
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*