# PPP loan: CARC, INC
> **$398K** approved 04/27/2020 · Paid in Full · Loan `3554007207`
## Borrower
- **Name:** CARC, INC
- **Address:** 902 W. Cherry Lane, CARLSBAD, NM, 88220-8833
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $398K
- **Initial approval:** $398K
- **Forgiven:** $401K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $398K
- **Jobs reported:** 51
## Lender
- **Originating:** CNB Bank
- **Servicing:** CNB Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*