# PPP loan: ACOUSTICAL ARTS, INC.
> **$483K** approved 04/06/2020 · Paid in Full · Loan `5716857000`
## Borrower
- **Name:** ACOUSTICAL ARTS, INC.
- **Address:** 3601 Mertz Rd., CARO, MI, 48723-9550
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $387K
- **Rent:** $93K
- **Utilities:** $4K
- **Jobs reported:** 24
## Lender
- **Originating:** Mayville State Bank
- **Servicing:** Mayville State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*