# PPP loan: OCEAN BAY MANAGEMENT INC
> **$634K** approved 01/23/2021 · Charged Off · Loan `4591098310`
## Borrower
- **Name:** OCEAN BAY MANAGEMENT INC
- **Address:** 66 Newtown Ln Ste 5, East Hampton, NY, 11937-6300
- **NAICS:** 721199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $634K
- **Initial approval:** $634K
- **Forgiven:** $569K (90%)
- **Forgiveness date:** 10/05/2023
- **Status:** Charged Off
- **Term:** 22 months
## Use of funds
- **Payroll:** $634K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*