# PPP loan: ARKANSAS NORTHEASTERN SCRAP PROCESSING
> **$551K** approved 04/05/2020 · Paid in Full · Loan `5488877003`
## Borrower
- **Name:** ARKANSAS NORTHEASTERN SCRAP PROCESSING
- **Address:** 4931 COUNTY ROAD 1015, BLYTHEVILLE, AR, 72315-6907
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $554K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $441K
- **Utilities:** $60K
- **Debt interest:** $50K
- **Jobs reported:** 39
## Lender
- **Originating:** Farmers Bank and Trust Company
- **Servicing:** Farmers Bank and Trust Company (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*