Otb Acquisition LLC

$10,000,000 PPP Loan in Irving, Texas

Loan Details

Loan Number
6052607007
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$10,000,000
Current Approval
$10,000,000
Forgiveness Amount
$10,111,111
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Otb Acquisition LLC
Address
2201 W Royal Ln Ste 240
City
Irving
State
Texas
ZIP Code
75063-3200
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
500
Estimated Revenue
$88.8M
Rural/Urban
Urban
Congressional District
TX-24

Loan Use Breakdown

Payroll
$8,000,000
Rent
$500,000
Utilities
$1,500,000

Lender Information

Servicing Lender
Cadence Bank
Originating Lender
Cadence Bank

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