# PPP loan: OCEAN CANYON PROPERTIES, INC
> **$1.15M** approved 04/04/2020 · Paid in Full · Loan `5061557002`
## Borrower
- **Name:** OCEAN CANYON PROPERTIES, INC
- **Address:** 1001 WALNUT ST, TEXARKANA, TX, 75501-4409
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Mortgage interest:** $100K
- **Utilities:** $40K
- **Jobs reported:** 125
## Lender
- **Originating:** Texana Bank, National Association
- **Servicing:** Texana Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*