# PPP loan: JACOBS MUSIC CO., INC.
> **$486K** approved 04/08/2020 · Paid in Full · Loan `8415437003`
## Borrower
- **Name:** JACOBS MUSIC CO., INC.
- **Address:** 1718 Chestnut Street, PHILADELPHIA, PA, 19103-5120
- **NAICS:** 451140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $486K
- **Jobs reported:** 44
## Lender
- **Originating:** Firstrust Savings Bank
- **Servicing:** Firstrust Savings Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*