# PPP loan: ARCHER AVIATION INC
> **$905K** approved 04/10/2020 · Paid in Full · Loan `1887107103`
## Borrower
- **Name:** ARCHER AVIATION INC
- **Address:** 7 East 19th Street Suite 4, New York, NY, 10003-1101
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $905K
- **Initial approval:** $905K
- **Forgiven:** $916K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Utilities:** $905K
- **Jobs reported:** 35
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*