# PPP loan: OTICS USA, INC.
> **$4.32M** approved 04/09/2020 · Paid in Full · Loan `9671167009`
## Borrower
- **Name:** OTICS USA, INC.
- **Address:** 5555 Interstate View Drive, MORRISTOWN, TN, 37813
- **NAICS:** 336111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.32M
- **Initial approval:** $4.32M
- **Forgiven:** $4.37M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.07M
- **Utilities:** $250K
- **Jobs reported:** 378
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*