# PPP loan: ACORN PRODUCT DEVELOPMENT, INC.
> **$670K** approved 04/05/2020 · Paid in Full · Loan `5509607003`
## Borrower
- **Name:** ACORN PRODUCT DEVELOPMENT, INC.
- **Address:** 39899 Balentine Dr. STE 161, NEWARK, CA, 94560-5303
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $670K
- **Initial approval:** $670K
- **Forgiven:** $678K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $502K
- **Rent:** $100K
- **Mortgage interest:** $17K
- **Utilities:** $50K
- **Jobs reported:** 24
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*