# PPP loan: WASHINGTON MUSIC SALES CENTER INC.
> **$1.11M** approved 01/22/2021 · Paid in Full · Loan `3420098300`
## Borrower
- **Name:** WASHINGTON MUSIC SALES CENTER INC.
- **Address:** 9 Argosy Ct, Gaithersburg, MD, 20878-2662
- **NAICS:** 451140
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 02/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.11M
- **Utilities:** $1
- **Jobs reported:** 155
## Lender
- **Originating:** Capital Bank, National Association
- **Servicing:** Capital Bank, National Association (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*