# PPP loan: PURPLE ROSE THEATRE CO
> **$256K** approved 04/08/2020 · Paid in Full · Loan `7782527003`
## Borrower
- **Name:** PURPLE ROSE THEATRE CO
- **Address:** 137 PARK ST, CHELSEA, MI, 48118-1038
- **NAICS:** 711110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Rent:** $48K
- **Utilities:** $4K
- **Jobs reported:** 25
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*