# PPP loan: MUSIC EXPRESS INC.
> **$1.50M** approved 02/06/2021 · Exemption 4 · Loan `4714868404`
## Borrower
- **Name:** MUSIC EXPRESS INC.
- **Address:** 2601 W Empire Ave, Burbank, CA, 91504-3225
- **NAICS:** 485320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.43M (95%)
- **Forgiveness date:** 07/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Utilities:** $1
- **Jobs reported:** 132
## 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*