# PPP loan: ARCH ENVIRONMENTAL EQUIPMENT INC
> **$327K** approved 04/27/2020 · Paid in Full · Loan `5396127200`
## Borrower
- **Name:** ARCH ENVIRONMENTAL EQUIPMENT INC
- **Address:** 5929 Benton Rd, PADUCAH, KY, 42003
- **NAICS:** 334512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $329K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Rent:** $22K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Jobs reported:** 22
## Lender
- **Originating:** The City National Bank of Metropolis
- **Servicing:** The City National Bank of Metropolis (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*