# PPP loan: PAUL A. SCHMITT MUSIC COMPANY
> **$1.77M** approved 01/27/2021 · Paid in Full · Loan `6491968302`
## Borrower
- **Name:** PAUL A. SCHMITT MUSIC COMPANY
- **Address:** 2400 Freeway Blvd, Brooklyn Center, MN, 55430-1709
- **NAICS:** 451140
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 03/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.77M
- **Utilities:** $1
- **Jobs reported:** 174
## Lender
- **Originating:** First Business Bank
- **Servicing:** First Business Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*