# PPP loan: PURNELL PROPERTIES INC
> **$290K** approved 02/03/2021 · Paid in Full · Loan `1970488403`
## Borrower
- **Name:** PURNELL PROPERTIES INC
- **Address:** 3409 Coastal Hwy Ste 1, Ocean City, MD, 21842-7458
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $290K
- **Utilities:** $1
- **Jobs reported:** 75
## Lender
- **Originating:** Bank of Ocean City
- **Servicing:** Bank of Ocean City (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*