# PPP loan: ACOUSTIC TECHNOLOGY INC
> **$612K** approved 04/13/2020 · Paid in Full · Loan `5627457105`
## Borrower
- **Name:** ACOUSTIC TECHNOLOGY INC
- **Address:** 30 Jeffries Street, EAST BOSTON, MA, 02128-2211
- **NAICS:** 334290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $612K
- **Initial approval:** $656K
- **Forgiven:** $617K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $612K
- **Jobs reported:** 41
## Lender
- **Originating:** SVB, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*