# PPP loan: OCEAN STARE TOWING & RECOVERY INC.
> **$154K** approved 01/26/2021 · Paid in Full · Loan `6159468303`
## Borrower
- **Name:** OCEAN STARE TOWING & RECOVERY INC.
- **Address:** 120 Pershing St, East Providence, RI, 02914-2119
- **NAICS:** 488410
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $154K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Coastal1 Credit Union
- **Servicing:** Coastal1 Credit Union (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*