PPP Loan information for Music express inc

$1,502,000

Music express inc was initially approved for PPP Loan of amount $1,502,000, the current approved amount is $1,502,000. The loan was approved on 04/09/2020 by The City National Bank reported 39 jobs and $1,502,000 was used to fund payroll.

Music express inc is Existing or more than 2 years old

MUSIC EXPRESS INC

Date Approved

04/09/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

MUSIC EXPRESS INC

Borrower Address

674 CLIFTON AVE

Borrower City

CLIFTON

Borrower State

NJ

Borrower Zip

07011-4233

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1502000.00

Current Approval Amount

1502000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4924

Servicing Lender Name

City National Bank

Servicing Lender Address

555 S Flower St

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90071-2300

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLIFTON

Project County Name

PASSAIC

Project State

NJ

Project Zip

07011-4233

CD

NJ-09

Jobs Reported

39

NAICS Code

485320

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

21800.00

Payroll Proceed

1332200.00

Mortgage Interest Proceed

0.00

Rent Proceed

56000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

84000.00

Debt Interest Proceed

8000

Business Type

Corporation

Originating Lender Location Id

4924

Originating Lender

City National Bank

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1207818.35

Forgiveness Date

03/09/2022

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