# PPP loan: ANCHOR AUDIO, INC
> **$550K** approved 04/28/2020 · Paid in Full · Loan `1613217300`
## Borrower
- **Name:** ANCHOR AUDIO, INC
- **Address:** 5931 DARWIN CT, CARLSBAD, CA, 92008-7302
- **NAICS:** 334310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $557K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Utilities:** $138K
- **Jobs reported:** 40
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*