# PPP loan: MACPHAIL CENTER FOR MUSIC
> **$1.44M** approved 02/25/2021 · Paid in Full · Loan `4468618501`
## Borrower
- **Name:** MACPHAIL CENTER FOR MUSIC
- **Address:** 501 S 2nd St, Minneapolis, MN, 55401-2383
- **NAICS:** 611610
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.45M (101%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.44M
- **Utilities:** $1
- **Jobs reported:** 274
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*