ACOUSTICS ASSOCIATES INC. (MN) - 2020 PPP Loan Borrower Profile (# 9958328503)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACOUSTICS ASSOCIATES 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 Minnesota.

Loan Detail

Loan Number

9958328503

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$2,000,000

Date Loan was Approved

Mar 12, 2021

Amount Forgiven

$2,011,506.85

Date Loan was Forgiven

Oct 15, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

1,999,999

Lender

Old National Bank

Business Detail

Business Type

Corporation

NAICS

236220

Borrower Location

Minneapolis, MN

Project Location

Minneapolis, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

150

Business Age Description

Existing or more than 2 years old

Data Source: SBA.