# PPP loan: THE ARC OF SOUTHEAST IOWA
> **$250K** approved 02/02/2021 · Paid in Full · Loan `1463528408`
## Borrower
- **Name:** THE ARC OF SOUTHEAST IOWA
- **Address:** 2620 Muscatine Ave, Iowa City, IA, 52240-6656
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 138
## Lender
- **Originating:** Hills Bank and Trust Company
- **Servicing:** Hills Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*