# PPP loan: LOS ANGELES COLLEGE OF MUSIC
> **$795K** approved 04/29/2020 · Paid in Full · Loan `4632117304`
## Borrower
- **Name:** LOS ANGELES COLLEGE OF MUSIC
- **Address:** 300 S FAIR OAKS AVE, PASADENA, CA, 91105-2540
- **NAICS:** 611310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $795K
- **Initial approval:** $795K
- **Forgiven:** $805K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $667K
- **Rent:** $106K
- **Utilities:** $12K
- **Health care:** $10K
- **Jobs reported:** 72
## 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*