# PPP loan: ARCO CONSTRUCTION INC.
> **$640K** approved 02/05/2021 · Paid in Full · Loan `3971618406`
## Borrower
- **Name:** ARCO CONSTRUCTION INC.
- **Address:** 15 Fairfield Pl, West Caldwell, NJ, 07006-6206
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $640K
- **Initial approval:** $640K
- **Forgiven:** $647K (101%)
- **Forgiveness date:** 03/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $640K
- **Jobs reported:** 35
## Lender
- **Originating:** Spencer Savings Bank, SLA
- **Servicing:** Spencer Savings Bank, SLA (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*