# PPP loan: MIAMI ARTS, INC.
> **$1.12M** approved 06/26/2020 · Paid in Full · Loan `4877978004`
## Borrower
- **Name:** MIAMI ARTS, INC.
- **Address:** 95 NW 23 ST, MIAMI, FL, 33127-4492
- **NAICS:** 611610
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $843K
- **Mortgage interest:** $281K
- **Jobs reported:** 80
## Lender
- **Originating:** Banesco USA
- **Servicing:** Banesco USA (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*