ACOUSTICAL ARTS, INC. (MI) - 2020 PPP Loan Borrower Profile (# 5716857000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACOUSTICAL ARTS, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

5716857000

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$483,354

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$486,704.37

Date Loan was Forgiven

Dec 28, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,850

Payroll Proced

386,684

Rent Proceed

92,820

Lender

Mayville State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

236115

Borrower Location

CARO, MI

Project Location

CARO, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.