# PPP loan: MANHATTAN OCEAN CLUB ASSOCIATES, LLC
> **$1.23M** approved 04/11/2020 · Exemption 4 · Loan `2988887107`
## Borrower
- **Name:** MANHATTAN OCEAN CLUB ASSOCIATES, LLC
- **Address:** 57 East 58th Street, NEW YORK, NY, 10019
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $498K (41%)
- **Forgiveness date:** 07/27/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 103
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*