# PPP loan: OCEAN PROPERTIES, INC.
> **$638K** approved 04/10/2020 · Paid in Full · Loan `2387587105`
## Borrower
- **Name:** OCEAN PROPERTIES, INC.
- **Address:** 552 Oceanus, HUNTINGTON BEACH, CA, 92649-1033
- **NAICS:** 531311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $638K
- **Initial approval:** $638K
- **Forgiven:** $641K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $587K
- **Rent:** $4K
- **Utilities:** $8K
- **Debt interest:** $39K
- **Jobs reported:** 64
## Lender
- **Originating:** First Pacific Bank
- **Servicing:** First Pacific Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*