# PPP loan: ROCKPORT MUSIC, INC.
> **$260K** approved 04/05/2020 · Paid in Full · Loan `5232207008`
## Borrower
- **Name:** ROCKPORT MUSIC, INC.
- **Address:** 16 Main Street, ROCKPORT, MA, 01966-1513
- **NAICS:** 711130
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Mortgage interest:** $33K
- **Utilities:** $33K
- **Jobs reported:** 16
## Lender
- **Originating:** Institution for Savings In Newburyport and its Vicinity
- **Servicing:** Institution for Savings In Newburyport and its Vicinity (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*