# PPP loan: J & J ACOUSTICS, INC.
> **$3.00M** approved 04/14/2020 · Paid in Full · Loan `7121387110`
## Borrower
- **Name:** J & J ACOUSTICS, INC.
- **Address:** 2260 De La Cruz Blvd, SANTA CLARA, CA, 95050-3008
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.00M
- **Initial approval:** $3.00M
- **Forgiven:** $3.03M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.25M
- **Rent:** $500K
- **Mortgage interest:** $149K
- **Utilities:** $100K
- **Jobs reported:** 71
## 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*