# PPP loan: THE ARC OF SOUTHSIDE
> **$449K** approved 04/15/2020 · Paid in Full · Loan `1925237207`
## Borrower
- **Name:** THE ARC OF SOUTHSIDE
- **Address:** 734 Main St, DANVILLE, VA, 24541
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $449K
- **Initial approval:** $449K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Utilities:** $5K
- **Health care:** $28K
- **Jobs reported:** 104
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*