# PPP loan: ARC MECHANICAL, INC.
> **$609K** approved 04/04/2020 · Paid in Full · Loan `4839737005`
## Borrower
- **Name:** ARC MECHANICAL, INC.
- **Address:** 2600 S 7TH ST, KEOKUK, IA, 52632-3532
- **NAICS:** 237120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $609K
- **Initial approval:** $609K
- **Forgiven:** $613K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $609K
- **Jobs reported:** 32
## Lender
- **Originating:** Connection Bank
- **Servicing:** Connection Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*