# PPP loan: LOCAL OCEAN SEAFOODS INC.
> **$673K** approved 01/16/2021 · Paid in Full · Loan `1198468303`
## Borrower
- **Name:** LOCAL OCEAN SEAFOODS INC.
- **Address:** 213 SE Bay Blvd, Newport, OR, 97365-4524
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $673K
- **Initial approval:** $673K
- **Forgiven:** $676K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $673K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** Oregon Coast Bank
- **Servicing:** Oregon Coast Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*