# PPP loan: THE ARC RAPIDES INC.
> **$392K** approved 02/04/2021 · Paid in Full · Loan `3209998402`
## Borrower
- **Name:** THE ARC RAPIDES INC.
- **Address:** 1700 Ashley Ave, Alexandria, LA, 71301-7343
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $392K
- **Initial approval:** $392K
- **Forgiven:** $394K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $392K
- **Utilities:** $1
- **Jobs reported:** 80
## Lender
- **Originating:** Red River Bank
- **Servicing:** Red River Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*