# PPP loan: OCEANEAST ASSOCIATES INC
> **$264K** approved 05/02/2020 · Exemption 4 · Loan `9518557306`
## Borrower
- **Name:** OCEANEAST ASSOCIATES INC
- **Address:** 731 RUGBY STREET #118, NORFOLK, VA, 23504
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $90K (34%)
- **Forgiveness date:** 01/20/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $264K
- **Jobs reported:** 3
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*