# PPP loan: OCTOCLEAN FRANCHISING SYSTEMS, INC
> **$300K** approved 04/09/2020 · Paid in Full · Loan `9663927001`
## Borrower
- **Name:** OCTOCLEAN FRANCHISING SYSTEMS, INC
- **Address:** 5225 CANYON CREST DR, RIVERSIDE, CA, 92507-6301
- **NAICS:** 561790
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Debt interest:** $25K
- **Jobs reported:** 30
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*