# PPP loan: AUDIO ENGINEERING, INC.
> **$196K** approved 04/15/2020 · Paid in Full · Loan `9750777100`
## Borrower
- **Name:** AUDIO ENGINEERING, INC.
- **Address:** 5155 Torque Rd., Loves Park, IL, 61111-7144
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Rent:** $3K
- **Utilities:** $3K
- **Jobs reported:** 10
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*