# PPP loan: OSTOICH OPTICAL, INC.
> **$205K** approved 04/08/2020 · Paid in Full · Loan `8629387007`
## Borrower
- **Name:** OSTOICH OPTICAL, INC.
- **Address:** 1415 PALATINE RD, HOFFMAN ESTATES, IL, 60192-1196
- **NAICS:** 621320
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $31K
- **Utilities:** $20K
- **Jobs reported:** 14
## Lender
- **Originating:** Barrington Bank & Trust Company, National Association
- **Servicing:** Barrington Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*