# PPP loan: J & L ACOUSTICS,INC
> **$553K** approved 04/27/2020 · Paid in Full · Loan `5906207201`
## Borrower
- **Name:** J & L ACOUSTICS,INC
- **Address:** 41 W. DIVISION ST, EVANSVILLE, IN, 47710-1376
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $553K
- **Initial approval:** $553K
- **Forgiven:** $558K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $527K
- **Rent:** $14K
- **Utilities:** $3K
- **Health care:** $8K
- **Debt interest:** $2K
- **Jobs reported:** 29
## Lender
- **Originating:** Field & Main Bank
- **Servicing:** Field & Main Bank (KY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*