As part of the Paycheck Protection Program OTTO ENGINEERING was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

OTTO ENGINEERING


Loan Amount	$1,800,000
BusinessName	OTTO ENGINEERING
Address	2 East Main Street
City	CARPENTERSVILLE
State	IL
Zip	60110
NAICSCode	335931
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	08/03/2020
Lender	First American Bank
CD	IL-06
BusinessName.clean	OTTO ENGINEERING

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

OTTO INSTRUMENT SERVICE
OTTO INTERNATIONAL
OTTO TRUCKING
OTTOS IMPORTED CARS LTD
ARGO MANAGEMENT