# PPP loan: NORTHGATE ACOUSTICS, INC.
> **$1.15M** approved 04/30/2020 · Paid in Full · Loan `7287917310`
## Borrower
- **Name:** NORTHGATE ACOUSTICS, INC.
- **Address:** 637 Lindaro Street, Suite 200, San Rafael, CA, 94901
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $807K
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $924K
- **Rent:** $35K
- **Utilities:** $12K
- **Health care:** $185K
- **Jobs reported:** 39
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*