# PPP loan: SPANISH BROADCASTING SYSTEM, INC
> **$6.48M** approved 04/06/2020 · Paid in Full · Loan `5848527008`
## Borrower
- **Name:** SPANISH BROADCASTING SYSTEM, INC
- **Address:** 7007 NW 77th AVE, MIAMI, FL, 33166-2541
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.48M
- **Initial approval:** $5.21M
- **Forgiven:** $6.54M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.86M
- **Utilities:** $1.62M
- **Jobs reported:** 442
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*