# PPP loan: NEWPORT OCEAN JETTY MANAGEMENT II LLC
> **$198K** approved 02/17/2021 · Paid in Full · Loan `9412458407`
## Borrower
- **Name:** NEWPORT OCEAN JETTY MANAGEMENT II LLC
- **Address:** 2 15th St, Ocean City, MD, 21842-3613
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 03/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Utilities:** $1
- **Jobs reported:** 88
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*