# PPP loan: OCEAN PROPERTIES & MANAGEMENT INC
> **$170K** approved 04/30/2020 · Paid in Full · Loan `5858047304`
## Borrower
- **Name:** OCEAN PROPERTIES & MANAGEMENT INC
- **Address:** 3506 S ATLANTIC AVE, NEW SMYRNA BEACH, FL, 32169-3628
- **NAICS:** 531311
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 28
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*