# PPP loan: THE ARC OF SOUTHERN MARYLAND, INC.
> **$2.83M** approved 04/13/2020 · Paid in Full · Loan `4232337105`
## Borrower
- **Name:** THE ARC OF SOUTHERN MARYLAND, INC.
- **Address:** 355 West Dares Beach Road PO Box 1860, PRINCE FREDERICK, MD, 20678-3125
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.83M
- **Initial approval:** $2.83M
- **Forgiven:** $2.87M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.83M
- **Jobs reported:** 325
## Lender
- **Originating:** Shore United Bank, National Association
- **Servicing:** Shore United Bank, National Association (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*