PPP Loan information for Music academy of the west

$240,000

Music academy of the west was initially approved for PPP Loan of amount $240,000, the current approved amount is $240,000. The loan was approved on 04/15/2020 by The Montecito Bank & Trust reported 23 jobs and $240,000 was used to fund payroll.

Music academy of the west is Existing or more than 2 years old

PPP Loan Search / CA / SANTA BARBARA / Music academy of the west

MUSIC ACADEMY OF THE WEST

Date Approved

04/15/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

MUSIC ACADEMY OF THE WEST

Borrower Address

1070 FAIRWAY RD

Borrower City

SANTA BARBARA

Borrower State

CA

Borrower Zip

93108-2865

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

240000.00

Current Approval Amount

240000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

5852

Servicing Lender Name

Montecito Bank & Trust

Servicing Lender Address

1000 State St

Servicing Lender City

SANTA BARBARA

Servicing Lender State

CA

Servicing Lender Zip

93101-2711

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SANTA BARBARA

Project County Name

SANTA BARBARA

Project State

CA

Project Zip

93108-2865

CD

CA-24

Jobs Reported

23

NAICS Code

611610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15000.00

Payroll Proceed

180000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

45000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

5852

Originating Lender

Montecito Bank & Trust

Originating Lender City

SANTA BARBARA

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

242833.97

Forgiveness Date

06/28/2021

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