# PPP loan: STUDIO MA
> **$229K** approved 05/01/2020 · Paid in Full · Loan `2231037707`
## Borrower
- **Name:** STUDIO MA
- **Address:** 4035 E INDIAN SCHOOL RD, PHOENIX, AZ, 85018
- **NAICS:** 541310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Rent:** $25K
- **Utilities:** $6K
- **Health care:** $24K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*