# PPP loan: ARC MERCER INC
> **$1.71M** approved 04/13/2020 · Paid in Full · Loan `4988717101`
## Borrower
- **Name:** ARC MERCER INC
- **Address:** 180 EWINGVILLE RD, EWING, NJ, 08628-2425
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.73M (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.71M
- **Jobs reported:** 317
## Lender
- **Originating:** Amboy Bank
- **Servicing:** Amboy Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*