# PPP loan: GROOVE ENTERTAINMENT TECHNOLOGIES INC.
> **$1.26M** approved 01/26/2021 · Paid in Full · Loan `6009318309`
## Borrower
- **Name:** GROOVE ENTERTAINMENT TECHNOLOGIES INC.
- **Address:** 4141 S Highland Dr Ste 100, Salt Lake City, UT, 84124-2683
- **NAICS:** 517911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.26M
- **Jobs reported:** 80
## Lender
- **Originating:** Capital Community Bank
- **Servicing:** Capital Community Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*