# PPP loan: THE ARC OF NEW JERSEY, INC
> **$462K** approved 05/06/2020 · Paid in Full · Loan `3119157408`
## Borrower
- **Name:** THE ARC OF NEW JERSEY, INC
- **Address:** 985 Livingston Ave, North Brunswick, NJ, 08902
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $462K
- **Initial approval:** $462K
- **Forgiven:** $470K (102%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $462K
- **Jobs reported:** 56
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Fed ¿ Kabbage (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*