# PPP loan: ST CLOUD ACOUSTICS, INC.
> **$382K** approved 04/03/2020 · Paid in Full · Loan `4551967005`
## Borrower
- **Name:** ST CLOUD ACOUSTICS, INC.
- **Address:** 30762 Pearl Drive, SAINT JOSEPH, MN, 56374-4664
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $382K
- **Initial approval:** $382K
- **Forgiven:** $358K (94%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Mortgage interest:** $57K
- **Utilities:** $38K
- **Jobs reported:** 20
## Lender
- **Originating:** Sentry Bank
- **Servicing:** Sentry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*