# PPP loan: THE ARC OF SPOKANE
> **$1.79M** approved 04/11/2020 · Exemption 4 · Loan `3385497103`
## Borrower
- **Name:** THE ARC OF SPOKANE
- **Address:** 320 E Second Ave, CORTEZ, CO, 81321
- **NAICS:** 813219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.79M
- **Initial approval:** $1.79M
- **Forgiven:** $1.24M (69%)
- **Forgiveness date:** 07/23/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.79M
- **Jobs reported:** 287
## Lender
- **Originating:** First Interstate Bank
- **Servicing:** First Interstate Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*