# PPP loan: MAPES PIANO STRING COMPANY
> **$763K** approved 04/05/2020 · Paid in Full · Loan `5160597009`
## Borrower
- **Name:** MAPES PIANO STRING COMPANY
- **Address:** 1 Wire Mill Rd, ELIZABETHTON, TN, 37643-2757
- **NAICS:** 451140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $763K
- **Initial approval:** $763K
- **Forgiven:** $768K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $572K
- **Rent:** $143K
- **Utilities:** $48K
- **Jobs reported:** 125
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*