As part of the Paycheck Protection Program OCEAN POWER TECHNOLOGIES, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

OCEAN POWER TECHNOLOGIES, INC


Loan Amount	$890,347
BusinessName	OCEAN POWER TECHNOLOGIES, INC
Address	28 Engelhard Drive
City	Monre Township
State	NJ
Zip	8831
NAICSCode	221118
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	35
DateApproved	04/28/2020
Lender	Santander Bank, National Association
CD	NJ-12
BusinessName.clean	OCEAN POWER TECHNOLOGIES

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

OCEAN PROVIDENCE HOLDINGS
ARCH HEALTH PARTNERS
OCEAN STAR INTERNATIONAL
OCEAN STATE VETERINARY SPECIALISTS LTD
OCEAN STATE