# PPP loan: AMERICAN MUSICAL SUPPLY, INC.
> **$5.77M** approved 04/13/2020 · Paid in Full · Loan `5326297101`
## Borrower
- **Name:** AMERICAN MUSICAL SUPPLY, INC.
- **Address:** 8 THORNTON RD, OAKLAND, NJ, 07436-3116
- **NAICS:** 451140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.77M
- **Initial approval:** $5.77M
- **Forgiven:** $5.24M (91%)
- **Forgiveness date:** 12/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.77M
- **Jobs reported:** 474
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Peapack-Gladstone Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*