# PPP loan: SALT BEACH INC.
> **$1.54M** approved 03/17/2021 · Paid in Full · Loan `3698528608`
## Borrower
- **Name:** SALT BEACH INC.
- **Address:** 4 Old West Lake Dr, Montauk, NY, 11954-5299
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.54M
- **Utilities:** $1
- **Jobs reported:** 85
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*