, the company that owned and operated , received $447,000 in government loans under the Paycheck Protection Program, records show.The government loan was issued in April 2020, during the first round of the emergency pandemic program, and was used to cover OceanGate's payroll costs during shutdowns, according to records published by .The full amount of the loan was ultimately forgiven under the terms of the program, which required companies to use the funds for the stated purpose and abstain from layoffs. Records show OceanGate had 22 employees at the time.
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