MUSIC SOURCE INC (VI) - 2020 PPP Loan Borrower Profile (# 8943577308)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to MUSIC SOURCE 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 US Virgin Islands.
Loan Detail
Loan Number
8943577308
SBA Office Code
0252
Processing Method
PPP
Curent Loan Amount
$22,428
Date Loan was Approved
May 1, 2020
Amount Forgiven
$22,606.8
Date Loan was Forgiven
Mar 3, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
22,428
Lender
Merchants Commercial Bank
Business Detail
Business Type
Corporation
NAICS
451140
Borrower Location
St Thomas, VI
Project Location
St Thomas, VI
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
4
Business Age Description
New Business or 2 years or less
Data Source: SBA.