# PPP loan: MUSIC ACADEMY OF THE WEST
> **$482K** approved 03/28/2021 · Paid in Full · Loan `2375818700`
## Borrower
- **Name:** MUSIC ACADEMY OF THE WEST
- **Address:** 1070 Fairway Rd, Santa Barbara, CA, 93108-2865
- **NAICS:** 611610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $482K
- **Initial approval:** $482K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 03/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $482K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Montecito Bank & Trust
- **Servicing:** Montecito Bank & Trust (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*