# PPP loan: SENNHEISER ELECTRONIC CORPORATION
> **$2.58M** approved 04/30/2020 · Paid in Full · Loan `5031407307`
## Borrower
- **Name:** SENNHEISER ELECTRONIC CORPORATION
- **Address:** 1 ENTERPRISE DR, OLD LYME, CT, 06371-1568
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.58M
- **Initial approval:** $2.58M
- **Forgiven:** $2.61M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.58M
- **Jobs reported:** 128
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*