# PPP loan: CLASSIC ACRYLICS INC
> **$296K** approved 04/06/2020 · Paid in Full · Loan `5919747002`
## Borrower
- **Name:** CLASSIC ACRYLICS INC
- **Address:** 11040 INDUSTRIAL CIR NW, ELK RIVER, MN, 55330-4729
- **NAICS:** 326121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $59K
- **Utilities:** $15K
- **Jobs reported:** 21
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*