# PPP loan: ARBORMOON SOFTWARE INC
> **$154K** approved 04/16/2020 · Charged Off · Loan `2647967207`
## Borrower
- **Name:** ARBORMOON SOFTWARE INC
- **Address:** 120 E HURON ST, ANN ARBOR, MI, 48104-1437
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $99K (64%)
- **Forgiveness date:** 06/17/2021
- **Status:** Charged Off
- **Term:** 13 months
## Use of funds
- **Payroll:** $154K
- **Jobs reported:** 7
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*