# PPP loan: PENN ACOUSTICS, INC
> **$569K** approved 04/05/2020 · Paid in Full · Loan `5295767009`
## Borrower
- **Name:** PENN ACOUSTICS, INC
- **Address:** 551 EASTON RD, WARRINGTON, PA, 18976-2423
- **NAICS:** 512290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $569K
- **Initial approval:** $569K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $569K
- **Jobs reported:** 45
## Lender
- **Originating:** Univest Bank and Trust Co
- **Servicing:** Univest Bank and Trust Co (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*