# PPP loan: POWERS MUSIC SCHOOL INC
> **$250K** approved 04/27/2020 · Paid in Full · Loan `4936677209`
## Borrower
- **Name:** POWERS MUSIC SCHOOL INC
- **Address:** 396 CONCORD AVE, BELMONT, MA, 02478-3032
- **NAICS:** 711130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 81
## Lender
- **Originating:** Cambridge Savings Bank
- **Servicing:** Cambridge Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*