516 MUSIC GROUP LLC (GA) - 2020 PPP Loan Borrower Profile (# 3013668101)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 516 MUSIC GROUP LLC. 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 Georgia.

Loan Detail

Loan Number

3013668101

SBA Office Code

0405

Processing Method

PPP

Curent Loan Amount

$37,500

Date Loan was Approved

Jul 14, 2020

Amount Forgiven

$22,638.7

Date Loan was Forgiven

Feb 25, 2021

Loan Status

Charged Off

Loan Term

33 Months

Payroll Proced

37,500

Lender

Bank of America, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

711130

Borrower Location

LITHIA SPRINGS, GA

Project Location

LITHIA SPRINGS, GA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.