# PPP loan: ARC ENERGY, LLC
> **$420K** approved 02/02/2021 · Paid in Full · Loan `1873728401`
## Borrower
- **Name:** ARC ENERGY, LLC
- **Address:** 308 N Fieldspan Rd, Scott, LA, 70583-4320
- **NAICS:** 333132
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*