# PPP loan: SPIRIT MUSIC GROUP, INC
> **$506K** approved 04/07/2020 · Paid in Full · Loan `7658347000`
## Borrower
- **Name:** SPIRIT MUSIC GROUP, INC
- **Address:** 235 WEST 23RD ST 5TH FL, NEW YORK, NY, 10011-2371
- **NAICS:** 711130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Rent:** $73K
- **Utilities:** $5K
- **Jobs reported:** 27
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*