# PPP loan: NEW OCEANA RESTAURANT CORP
> **$1.72M** approved 02/07/2021 · Exemption 4 · Loan `4809368410`
## Borrower
- **Name:** NEW OCEANA RESTAURANT CORP
- **Address:** 430 Bedford Rd, NEW YORK, NY, 10020
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.72M
- **Initial approval:** $1.72M
- **Forgiven:** $1.22M (71%)
- **Forgiveness date:** 02/23/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.72M
- **Utilities:** $1
- **Jobs reported:** 131
## 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*