# PPP loan: ARK BUILDERS, INC.
> **$250K** approved 05/01/2020 · Exemption 4 · Loan `1235857807`
## Borrower
- **Name:** ARK BUILDERS, INC.
- **Address:** 848 N STATE ST, LOCKPORT, IL, 60441-2229
- **NAICS:** 238140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $99K (40%)
- **Forgiveness date:** 08/11/2021
- **Status:** Exemption 4
- **Term:** 76 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 20
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*