# PPP loan: THE ARC, INC.
> **$245K** approved 04/27/2020 · Paid in Full · Loan `5471687205`
## Borrower
- **Name:** THE ARC, INC.
- **Address:** 4402 ALBION, BOISE, ID, 83705
- **NAICS:** 624120
- **Business type:** Professional Association
- **Business age:** Unanswered
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Mortgage interest:** $31K
- **Utilities:** $31K
- **Jobs reported:** 38
## Lender
- **Originating:** D. L. Evans Bank
- **Servicing:** D. L. Evans Bank (ID)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*