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Lost Titanic Submersible Company Got $450,000 in PPP Loans

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Three years before its doomed Titanic expedition, OceanGate had just under a half-million in pandemic loans forgiven.

Three years before it dispatched a submersible full of affluent passengers on a doomed expedition, OceanGate received $447,000 in government-forgiven loans through the Payment Protection Program. The Washington State-based company had just over $450,000 in pandemic loans forgiven, a database of PPP loan recipients created byshows. The loans, which came through lender Washington Trust Bank, were first approved on April 10, 2020.

submersible, which went missing while descending to explore the wreck of the Titanic at the bottom of the North Atlantic. The company

 

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What to know about OceanGate, the company behind the missing Titanic submersibleOceanGate has conducted over 14 expeditions and more than 200 dives across the Pacific, Atlantic and the Gulf of Mexico, the company's website says. Here's what to know about the company:
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