# PPP loan: MT. CARMEL EMPLOYMENT DIVISION
> **$360K** approved 04/05/2020 · Paid in Full · Loan `5496087002`
## Borrower
- **Name:** MT. CARMEL EMPLOYMENT DIVISION
- **Address:** 3505 BOONE RD, BENTON, AR, 72015-8002
- **NAICS:** 623311
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $21K
- **Debt interest:** $69K
- **Jobs reported:** 83
## Lender
- **Originating:** The Malvern National Bank
- **Servicing:** The Malvern National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*