# PPP loan: ARC GROUP INC.
> **$796K** approved 01/21/2021 · Exemption 4 · Loan `3143888302`
## Borrower
- **Name:** ARC GROUP INC.
- **Address:** 222 S 9th St Ste 1000, Minneapolis, MN, 55402-3360
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $796K
- **Initial approval:** $796K
- **Forgiven:** $661K (83%)
- **Forgiveness date:** 05/17/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $796K
- **Jobs reported:** 134
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*