# PPP loan: ARC NJ LLC
> **$685K** approved 04/13/2020 · Paid in Full · Loan `5567507104`
## Borrower
- **Name:** ARC NJ LLC
- **Address:** 100 South Elmwood Avenue, BUFFALO, NY, 14202-2402
- **NAICS:** 531390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $685K
- **Initial approval:** $683K
- **Forgiven:** $690K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $611K
- **Rent:** $12K
- **Health care:** $62K
- **Jobs reported:** 32
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*