# PPP loan: METHOD STUDIO, INC.
> **$1.54M** approved 04/27/2020 · Exemption 4 · Loan `5130747201`
## Borrower
- **Name:** METHOD STUDIO, INC.
- **Address:** 360 W. Aspen Avenue, Salt Lake City, UT, 84101
- **NAICS:** 541310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.34M (87%)
- **Forgiveness date:** 12/03/2020
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.54M
- **Jobs reported:** 94
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*