# PPP loan: ATLANTIC REINFORCING CONCRETE COMPANY INC
> **$1.22M** approved 04/05/2020 · Paid in Full · Loan `5503107005`
## Borrower
- **Name:** ATLANTIC REINFORCING CONCRETE COMPANY INC
- **Address:** 14 BURT DR STE G, DEER PARK, NY, 11729-5752
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $977K
- **Rent:** $244K
- **Jobs reported:** 45
## Lender
- **Originating:** Flushing Bank
- **Servicing:** Flushing Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*