# PPP loan: ARCO WELDING SERVICES INC
> **$788K** approved 05/03/2020 · Paid in Full · Loan `1137487407`
## Borrower
- **Name:** ARCO WELDING SERVICES INC
- **Address:** 1212 South Mebane Street, Burlington, NC, 27215
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $788K
- **Initial approval:** $788K
- **Forgiven:** $798K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $788K
- **Jobs reported:** 80
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*