# PPP loan: ARCH, INC.
> **$186K** approved 04/11/2020 · Paid in Full · Loan `2703267106`
## Borrower
- **Name:** ARCH, INC.
- **Address:** 715 S 3rd St, CLINTON, IA, 52732-4312
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Mortgage interest:** $23K
- **Utilities:** $23K
- **Jobs reported:** 28
## Lender
- **Originating:** The Clinton National Bank
- **Servicing:** The Clinton National Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*