# PPP loan: RED ARCH SOLUTIONS, INC
> **$531K** approved 04/11/2020 · Paid in Full · Loan `2941577100`
## Borrower
- **Name:** RED ARCH SOLUTIONS, INC
- **Address:** 10215 Wincopin Circle suite 200, COLUMBIA, MD, 21044-3410
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $531K
- **Initial approval:** $531K
- **Forgiven:** $538K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Rent:** $44K
- **Jobs reported:** 24
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*