# PPP loan: ARC DEVELOPMENT, INC.
> **$263K** approved 04/15/2020 · Paid in Full · Loan `1998657205`
## Borrower
- **Name:** ARC DEVELOPMENT, INC.
- **Address:** 333 North Falkenburg Road c-308, TAMPA, FL, 33619
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $263K
- **Initial approval:** $263K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $263K
- **Jobs reported:** 24
## Lender
- **Originating:** SouthState Bank, National Association
- **Servicing:** SouthState Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*