# PPP loan: THE ARC GATEWAY INC.
> **$1.12M** approved 03/18/2021 · Paid in Full · Loan `4697358608`
## Borrower
- **Name:** THE ARC GATEWAY INC.
- **Address:** 3932 N 10th Ave, Pensacola, FL, 32503-2807
- **NAICS:** 624310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 08/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.12M
- **Utilities:** $1
- **Jobs reported:** 286
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*