# PPP loan: ROCKPORT MUSIC INC.
> **$282K** approved 03/25/2021 · Paid in Full · Loan `8565538610`
## Borrower
- **Name:** ROCKPORT MUSIC INC.
- **Address:** 16 Main St, Rockport, MA, 01966-1513
- **NAICS:** 711310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $283K (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $281K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Institution for Savings In Newburyport and its Vicinity
- **Servicing:** Institution for Savings In Newburyport and its Vicinity (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*