# PPP loan: ARNE DISTRIBUTOR INC
> **$556K** approved 05/01/2020 · Paid in Full · Loan `2606637707`
## Borrower
- **Name:** ARNE DISTRIBUTOR INC
- **Address:** 2830 Hicks, Houston, TX, 77007
- **NAICS:** 423220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $556K
- **Initial approval:** $556K
- **Forgiven:** $562K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Rent:** $75K
- **Utilities:** $64K
- **Health care:** $66K
- **Jobs reported:** 74
## 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*