ART'S MUSIC SHOP, INC. (AL) - 2020 PPP Loan Borrower Profile (# 5321537004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ART'S MUSIC SHOP, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alabama.

Loan Detail

Loan Number

5321537004

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$473,500

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$480,010.62

Date Loan was Forgiven

Aug 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

23,675

Payroll Proced

355,125

Rent Proceed

94,700

Lender

ServisFirst Bank

Business Detail

Business Type

Corporation

NAICS

451140

Borrower Location

MONTGOMERY, AL

Project Location

MONTGOMERY, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.