# PPP loan: ARC ELECTRIC, INC.
> **$615K** approved 04/05/2020 · Paid in Full · Loan `5546157009`
## Borrower
- **Name:** ARC ELECTRIC, INC.
- **Address:** 3328 SW 46TH AVE, DAVIE, FL, 33314-2215
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $615K
- **Initial approval:** $1.50M
- **Forgiven:** $620K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $615K
- **Jobs reported:** 45
## Lender
- **Originating:** BankUnited, National Association
- **Servicing:** BankUnited, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*