# PPP loan: PETERSON ELECTRO-MUSICAL PRODUCTS
> **$572K** approved 04/14/2020 · Paid in Full · Loan `6244787107`
## Borrower
- **Name:** PETERSON ELECTRO-MUSICAL PRODUCTS
- **Address:** 11601 S Mayfield Ave, Alsip, IL, 60803-6007
- **NAICS:** 334111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $572K
- **Initial approval:** $494K
- **Forgiven:** $577K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $572K
- **Jobs reported:** 30
## Lender
- **Originating:** Grand Ridge National Bank
- **Servicing:** Grand Ridge National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*