# PPP loan: TAYLOR MUSIC INC
> **$300K** approved 04/07/2020 · Paid in Full · Loan `7629367007`
## Borrower
- **Name:** TAYLOR MUSIC INC
- **Address:** 513 SOUTH MAIN ST, ABERDEEN, SD, 57401-4325
- **NAICS:** 451140
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Jobs reported:** 25
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*