# PPP loan: AKOUSTIS INC
> **$1.63M** approved 05/20/2020 · Paid in Full · Loan `9576747400`
## Borrower
- **Name:** AKOUSTIS INC
- **Address:** 10602 Bailey Rd Ste C, CORNELIUS, NC, 28031-9098
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.63M
- **Initial approval:** $1.63M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 04/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.63M
- **Jobs reported:** 91
## 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*