Music Express INC

$1,502,000 PPP Loan in Clifton, New Jersey

Loan Details

Loan Number
9961747004
Date Approved
Apr 9, 2020
Loan Status
Exemption 4
Initial Approval
$1,502,000
Current Approval
$1,502,000
Forgiveness Amount
$1,207,818
Forgiveness Date
Mar 9, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Music Express INC
Address
674 Clifton Ave
ZIP Code
07011-4233
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (485320)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$37.8M
Rural/Urban
Urban
Congressional District
NJ-09

Loan Use Breakdown

Payroll
$1,332,200
Rent
$56,000
Utilities
$21,800
Health Care
$84,000
Debt Interest
$8,000

Lender Information

Servicing Lender
City National Bank
Originating Lender
City National Bank

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