# PPP loan: STRAIT MUSIC CO.
> **$663K** approved 04/10/2020 · Paid in Full · Loan `1294147109`
## Borrower
- **Name:** STRAIT MUSIC CO.
- **Address:** 2428 W Ben  White Blvd, Austin, TX, 78704-7526
- **NAICS:** 451140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $663K
- **Initial approval:** $663K
- **Forgiven:** $670K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Rent:** $151K
- **Utilities:** $13K
- **Jobs reported:** 61
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*