# PPP loan: ARZEL TECHNOLOGY INC.
> **$297K** approved 05/01/2020 · Paid in Full · Loan `3211057710`
## Borrower
- **Name:** ARZEL TECHNOLOGY INC.
- **Address:** 4801 Commerce Pkwy, Cleveland, OH, 44128
- **NAICS:** 334513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $34K
- **Utilities:** $23K
- **Health care:** $17K
- **Jobs reported:** 17
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*