# PPP loan: ARROW MECHANICAL CORP
> **$493K** approved 02/06/2021 · Charged Off · Loan `4682738405`
## Borrower
- **Name:** ARROW MECHANICAL CORP
- **Address:** 588 W Merrick Rd, Valley Stream, NY, 11580-5126
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $493K
- **Initial approval:** $493K
- **Forgiven:** $222K (45%)
- **Forgiveness date:** 02/04/2022
- **Status:** Charged Off
- **Term:** 44 months
## Use of funds
- **Payroll:** $492K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*