# PPP loan: CARC INC.
> **$1.00M** approved 05/04/2020 · Paid in Full · Loan `1673407409`
## Borrower
- **Name:** CARC INC.
- **Address:** 500 DOWNS LOOP, CLEMSON, SC, 29631-2035
- **NAICS:** 623311
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Jobs reported:** 180
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*