# PPP loan: DYNAMIC MUSIC
> **$619K** approved 04/15/2020 · Exemption 4 · Loan `1514957206`
## Borrower
- **Name:** DYNAMIC MUSIC
- **Address:** 117 MacDougal Street, New York, NY, 10012
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $619K
- **Initial approval:** $619K
- **Forgiven:** $129K (21%)
- **Forgiveness date:** 09/27/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $538K
- **Rent:** $49K
- **Utilities:** $32K
- **Jobs reported:** 62
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*