PPP Loan information for Art's music shop, inc.

$473,500

Art's music shop, inc. was initially approved for PPP Loan of amount $473,500, the current approved amount is $473,500. The loan was approved on 04/05/2020 by The ServisFirst Bank reported 47 jobs and $473,500 was used to fund payroll.

Art's music shop, inc. is Existing or more than 2 years old

PPP Loan Search / AL / MONTGOMERY / Art's music shop, inc.

ART'S MUSIC SHOP, INC.

Date Approved

04/05/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ART'S MUSIC SHOP, INC.

Borrower Address

3030 EASTERN BLVD

Borrower City

MONTGOMERY

Borrower State

AL

Borrower Zip

36116-1518

Loan Status Date

09/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

473500.00

Current Approval Amount

473500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434138

Servicing Lender Name

ServisFirst Bank

Servicing Lender Address

2500 Woodcrest Place

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35209-1374

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MONTGOMERY

Project County Name

MONTGOMERY

Project State

AL

Project Zip

36116-1518

CD

AL-02

Jobs Reported

47

NAICS Code

451140

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

23675.00

Payroll Proceed

355125.00

Mortgage Interest Proceed

0.00

Rent Proceed

94700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

434138

Originating Lender

ServisFirst Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

480010.62

Forgiveness Date

08/24/2021

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