# PPP loan: CGM ACOUSTICS INC.
> **$1.38M** approved 01/27/2021 · Paid in Full · Loan `6450708309`
## Borrower
- **Name:** CGM ACOUSTICS INC.
- **Address:** 195 Island Brook Ave, Bridgeport, CT, 06606-5117
- **NAICS:** 238310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.38M
- **Utilities:** $1
- **Jobs reported:** 81
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*