# PPP loan: SOUTH COAST SHIPYARD, INC
> **$194K** approved 01/16/2021 · Paid in Full · Loan `1251198305`
## Borrower
- **Name:** SOUTH COAST SHIPYARD, INC
- **Address:** 223 21st St, Newport Beach, CA, 92663-4303
- **NAICS:** 336611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 24
## Lender
- **Originating:** Tustin Community Bank
- **Servicing:** Tustin Community Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*