# PPP loan: RED OCEAN, INC.
> **$266K** approved 06/05/2020 · Paid in Full · Loan `8425537808`
## Borrower
- **Name:** RED OCEAN, INC.
- **Address:** 9919 CANOGA AVENUE, CHATSWORTH, CA, 91311-3002
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Jobs reported:** 30
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*