# PPP loan: ARE UTILITY CONSTRUCTION INC
> **$435K** approved 04/10/2021 · Exemption 4 · Loan `1474388801`
## Borrower
- **Name:** ARE UTILITY CONSTRUCTION INC
- **Address:** 2001 NW 33rd Ct, Pompano Beach, FL, 33064-1318
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $435K
- **Initial approval:** $435K
- **Forgiven:** $390K (90%)
- **Forgiveness date:** 05/17/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $435K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*