# PPP loan: CAPE ARTS & ENTERTAINMENT, INC.
> **$475K** approved 04/05/2020 · Paid in Full · Loan `5087147006`
## Borrower
- **Name:** CAPE ARTS & ENTERTAINMENT, INC.
- **Address:** 1060 FALMOUTH RD  Suite A, HYANNIS, MA, 02601-2346
- **NAICS:** 711510
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $452K
- **Rent:** $14K
- **Utilities:** $9K
- **Jobs reported:** 290
## Lender
- **Originating:** The Cape Cod Five Cents Savings Bank
- **Servicing:** The Cape Cod Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*