# PPP loan: MUSIC ACADEMY OF THE WEST
> **$240K** approved 04/15/2020 · Paid in Full · Loan `9717027107`
## Borrower
- **Name:** MUSIC ACADEMY OF THE WEST
- **Address:** 1070 FAIRWAY RD, SANTA BARBARA, CA, 93108-2865
- **NAICS:** 611610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Utilities:** $15K
- **Health care:** $45K
- **Jobs reported:** 23
## Lender
- **Originating:** Montecito Bank & Trust
- **Servicing:** Montecito Bank & Trust (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*