# PPP loan: LOCAL OCEAN SEAFOODS INC.
> **$518K** approved 04/08/2020 · Paid in Full · Loan `8569757008`
## Borrower
- **Name:** LOCAL OCEAN SEAFOODS INC.
- **Address:** 213 SE BAY BLVD, NEWPORT, OR, 97365-4524
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 51
## Lender
- **Originating:** Oregon Coast Bank
- **Servicing:** Oregon Coast Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*