Loans Issued BY Optus Bank

Loan Amount Company Name Location Lender
$350K-1M BLACK DIAMOND ADVISORY LLC Lakewood , CO Optus Bank
$150K-350K NATIONAL COMMITTEE FOR RESPONSIVE PHILANTHROPY Washington , DC Optus Bank
$1-2M LEGACY HOSPITALITY HOLDINGS, LLC Orlando , FL Optus Bank
$150K-350K RESORT WORLD OF ORLANDO, INC. Kissimmee , FL Optus Bank
$150K-350K THE OAKS AT RESORT WORLD CONDOMINIUM ASSOCIATION, INC Kissimmee , FL Optus Bank
$150K-350K THE SPAS AT RESORT WORLD CONDOMINIUM ASSOCIATION, INC Kissimmee , FL Optus Bank
$150K-350K VERTPAC LLC Apopka , FL Optus Bank
$1-2M GRAINGER COMPANIES, INC. Savannah , GA Optus Bank
$350K-1M GRAINGER NISSAN, LLC Savannah , GA Optus Bank
$350K-1M SOUTHEASTERN STAGES TOURS, INC. Atlanta , GA Optus Bank
$150K-350K AIMI, INC. Savannah , GA Optus Bank
$150K-350K TAKOMA PARK CHILD DEVELOPMENT CENTER INC. Takoma park , MD Optus Bank
$150K-350K HERBERT FINANCIAL GROUP LLC Auburn hills , MI Optus Bank
$150K-350K FOUR IS A CROWD, LLC Charlotte , NC Optus Bank
$150K-350K R. JONATHAN CHARLESTON PA Fayetteville , NC Optus Bank
$1-2M CENTER FOR POPULAR DEMOCRACY, INC. Brooklyn , NY Optus Bank
$150K-350K MONIRAY INC., Brooklyn , NY Optus Bank
$150K-350K MONIRAY INC., Brooklyn , NY Optus Bank
$150K-350K THE PARTICIPATORY BUDGETING PROJECT, INC. Brooklyn , NY Optus Bank
$1-2M AQUA SEAL MFG. & ROOFING, INC. Cayce , SC Optus Bank
$1-2M CONTRACT CONSTRUCTION, INC. Irmo , SC Optus Bank
$1-2M HEATHWOOD HALL EPISCOPAL SCHOOL Columbia , SC Optus Bank
$1-2M RECEIVABLE SOLUTIONS, LLC Columbia , SC Optus Bank
$350K-1M BROWNSTONE CONSTRUCTION GROUP, LLC Columbia , SC Optus Bank
$350K-1M COVENANT PLACE OF SUMTER, INC. Sumter , SC Optus Bank
$350K-1M DCR PRODUCTION, INC. Columbia , SC Optus Bank
$350K-1M EAST POINT ACADEMY West columbia , SC Optus Bank
$350K-1M EDVENTURE, INC. Columbia , SC Optus Bank
$350K-1M GRAINGER NISSAN OF ANDERSON, LLC Anderson , SC Optus Bank
$350K-1M GRAINGER NISSAN OF BEAUFORT, LLC Beaufort , SC Optus Bank
$350K-1M HOME PEST CONTROL CO., INC. West columbia , SC Optus Bank
$350K-1M LANGLEY III, LLC Columbia , SC Optus Bank
$350K-1M LUMENANT, LLC Charleston , SC Optus Bank
$350K-1M PALMETTO TILE DISTRIBUTORS INC. Columbia , SC Optus Bank
$350K-1M RIVERLAND HILLS BAPTIST CHURCH Irmo , SC Optus Bank

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.