# PPP loan: JK MUSIC, INC.
> **$187K** approved 04/07/2020 · Paid in Full · Loan `6524937000`
## Borrower
- **Name:** JK MUSIC, INC.
- **Address:** 1513 LUDINGTON ST, ESCANABA, MI, 49829-2837
- **NAICS:** 451140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $19K
- **Mortgage interest:** $3K
- **Utilities:** $16K
- **Jobs reported:** 27
## Lender
- **Originating:** Range Bank
- **Servicing:** Range Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*