# PPP loan: GLOBAL MEDIA GROUP INC.
> **$551K** approved 02/02/2021 · Paid in Full · Loan `1615788405`
## Borrower
- **Name:** GLOBAL MEDIA GROUP INC.
- **Address:** 30252 Tomas Ste 200, Rancho Santa Margarita, CA, 92688-2135
- **NAICS:** 541830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $551K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*