# PPP loan: COLLINGS GUITARS INC
> **$700K** approved 03/27/2021 · Paid in Full · Loan `2000968703`
## Borrower
- **Name:** COLLINGS GUITARS INC
- **Address:** 11210 W Highway 290 Ste C, Austin, TX, 78737-1924
- **NAICS:** 339992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $705K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $700K
- **Jobs reported:** 57
## Lender
- **Originating:** American Bank, National Association
- **Servicing:** American Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*