PPP Loan information for Ocean lanes inc

$53,900

Ocean lanes inc was initially approved for PPP Loan of amount $53,900, the current approved amount is $53,900. The loan was approved on 04/13/2020 by The Truist Bank reported 10 jobs and $53,900 was used to fund payroll.

Ocean lanes inc is Existing or more than 2 years old

PPP Loan Search / MD / OCEAN CITY / Ocean lanes inc

OCEAN LANES INC

Date Approved

04/13/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

OCEAN LANES INC

Borrower Address

115 72ND ST

Borrower City

OCEAN CITY

Borrower State

MD

Borrower Zip

21842-5229

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

53900.00

Current Approval Amount

53900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OCEAN CITY

Project County Name

WORCESTER

Project State

MD

Project Zip

21842-5229

CD

MD-01

Jobs Reported

10

NAICS Code

713950

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

53900.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

54495.89

Forgiveness Date

05/25/2021

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