# PPP loan: THE ARC OF ANCHORAGE
> **$1.99M** approved 04/15/2020 · Paid in Full · Loan `1624607207`
## Borrower
- **Name:** THE ARC OF ANCHORAGE
- **Address:** 2211 Arca Dr., Anchorage, AK, 99508
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.99M
- **Jobs reported:** 229
## Lender
- **Originating:** Northrim Bank
- **Servicing:** Northrim Bank (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*