# PPP loan: MUSIC EXPRESS EAST, INC.
> **$853K** approved 04/07/2020 · Exemption 4 · Loan `7502137000`
## Borrower
- **Name:** MUSIC EXPRESS EAST, INC.
- **Address:** 674 CLIFTON AVE, CLIFTON, NJ, 07011-4233
- **NAICS:** 485320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $853K
- **Initial approval:** $853K
- **Forgiven:** $426K (50%)
- **Forgiveness date:** 10/06/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $750K
- **Rent:** $36K
- **Utilities:** $6K
- **Health care:** $58K
- **Debt interest:** $3K
- **Jobs reported:** 64
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*