# PPP loan: MCMASTERS-KOSS CO.
> **$541K** approved 04/28/2020 · Paid in Full · Loan `6685537206`
## Borrower
- **Name:** MCMASTERS-KOSS CO.
- **Address:** 4224 NORMANDY CT, ROYAL OAK, MI, 48073
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $541K
- **Initial approval:** $541K
- **Forgiven:** $548K (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $403K
- **Rent:** $80K
- **Utilities:** $12K
- **Health care:** $43K
- **Debt interest:** $4K
- **Jobs reported:** 10
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*