# PPP loan: PRESONUS AUDIO ELECTRONICS, INC.
> **$1.45M** approved 04/11/2020 · Paid in Full · Loan `3223847109`
## Borrower
- **Name:** PRESONUS AUDIO ELECTRONICS, INC.
- **Address:** 18011 Grand Bay Court, Baton Rouge, LA, 70809-6769
- **NAICS:** 334310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.40M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.45M
- **Jobs reported:** 92
## Lender
- **Originating:** MidFirst Bank
- **Servicing:** MidFirst Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*