# PPP loan: ARCAS MACHINE INC.
> **$170K** approved 04/11/2020 · Paid in Full · Loan `3629287107`
## Borrower
- **Name:** ARCAS MACHINE INC.
- **Address:** 700 N NEELY ST STE 7, GILBERT, AZ, 85233-3827
- **NAICS:** 334118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $159K (94%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 17
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*