# PPP loan: OCEAN SPAULDING, INC.
> **$324K** approved 04/30/2020 · Paid in Full · Loan `7077857307`
## Borrower
- **Name:** OCEAN SPAULDING, INC.
- **Address:** 1061 N SPAULDING AVE, WEST HOLLYWOOD, CA, 90046-6205
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Rent:** $13K
- **Mortgage interest:** $13K
- **Utilities:** $17K
- **Health care:** $21K
- **Debt interest:** $10K
- **Jobs reported:** 14
## 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*