# PPP loan: ARCOLA INC
> **$167K** approved 04/15/2020 · Paid in Full · Loan `2005737206`
## Borrower
- **Name:** ARCOLA INC
- **Address:** 4116 Center Street, HOUSTON, TX, 77007
- **NAICS:** 541310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $160K (96%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Jobs reported:** 11
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*