# PPP loan: ARROW-TEK AUTOMATION, LLC
> **$296K** approved 05/01/2020 · Paid in Full · Loan `1127937701`
## Borrower
- **Name:** ARROW-TEK AUTOMATION, LLC
- **Address:** 153 MARSHAL RD, NEWARK, TX, 76071
- **NAICS:** 423830
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $264K
- **Rent:** $24K
- **Utilities:** $8K
- **Jobs reported:** 24
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*