Sam Ash Music Corporation

$10,000,000 PPP Loan in Hicksville, New York

Loan Details

Loan Number
4585807110
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$10,000,000
Current Approval
$10,000,000
Forgiveness Amount
$10,177,761
Forgiveness Date
Jan 28, 2022
Term
24 months
Draw
First Draw

Business Information

Business Name
Sam Ash Music Corporation
Address
278 Duffy Avenue 0.0
ZIP Code
11801-3642
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (451140)
Business Age
Existing or more than 2 years old
Jobs Reported
500
Estimated Revenue
$117.7M
Rural/Urban
Urban
Congressional District
NY-03

Loan Use Breakdown

Payroll
$6,300,000
Rent
$2,200,000
Health Care
$1,200,000
Debt Interest
$300,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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