# PPP loan: ARBTIME INC
> **$156K** approved 04/27/2020 · Paid in Full · Loan `4231567200`
## Borrower
- **Name:** ARBTIME INC
- **Address:** 370 Virginia Street, Buffalo, NY, 14201
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $117K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 30
## Lender
- **Originating:** Evans Bank, National Association
- **Servicing:** Evans Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*