# PPP loan: ACADEMY OF COUNTRY MUSIC
> **$400K** approved 03/17/2021 · Paid in Full · Loan `3739978600`
## Borrower
- **Name:** ACADEMY OF COUNTRY MUSIC
- **Address:** 5500 Balboa Blvd, Encino, CA, 91316-1505
- **NAICS:** 813920
- **Business type:** 501(c)6 ¿ Non Profit Membership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $405K (101%)
- **Forgiveness date:** 05/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $400K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*