# PPP loan: THE STUDIO INC
> **$268K** approved 02/02/2021 · Paid in Full · Loan `1649818410`
## Borrower
- **Name:** THE STUDIO INC
- **Address:** 353 Neff Ave, Harrisonburg, VA, 22801-3430
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $267K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** Farmers & Merchants Bank
- **Servicing:** Farmers & Merchants Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*