# PPP loan: SALT BEACH INC.
> **$940K** approved 05/01/2020 · Paid in Full · Loan `8793927310`
## Borrower
- **Name:** SALT BEACH INC.
- **Address:** 4 Old West Lake Dr, MONTAUK, NY, 11954
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $940K
- **Initial approval:** $416K
- **Forgiven:** $947K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $564K
- **Rent:** $300K
- **Utilities:** $76K
- **Jobs reported:** 60
## 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*