# PPP loan: ARCLABS, LLC
> **$610K** approved 05/01/2020 · Paid in Full · Loan `5218257702`
## Borrower
- **Name:** ARCLABS, LLC
- **Address:** 2615 HIGHWAY 153 STE B3, PIEDMONT, SC, 29673-6727
- **NAICS:** 611519
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $610K
- **Initial approval:** $610K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $610K
- **Jobs reported:** 47
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*