# PPP loan: AR CONSTRUCTION SERVICE INC
> **$426K** approved 07/29/2020 · Charged Off · Loan `1000078201`
## Borrower
- **Name:** AR CONSTRUCTION SERVICE INC
- **Address:** 42651 Frontier Drive, ASHBURN, VA, 20148-7210
- **NAICS:** 236210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $396K (93%)
- **Forgiveness date:** 03/01/2022
- **Status:** Charged Off
- **Term:** 37 months
## Use of funds
- **Payroll:** $426K
- **Jobs reported:** 21
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*