# PPP loan: SONIC ENTERPRISES, LLC
> **$245K** approved 04/15/2020 · Paid in Full · Loan `8550697101`
## Borrower
- **Name:** SONIC ENTERPRISES, LLC
- **Address:** 435 East Diamond Avenue Suite E, Gaithersburg, MD, 20877
- **NAICS:** 541890
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Rent:** $13K
- **Utilities:** $3K
- **Health care:** $19K
- **Jobs reported:** 17
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*