# PPP loan: ARKAY INC.
> **$424K** approved 02/09/2021 · Paid in Full · Loan `5576698407`
## Borrower
- **Name:** ARKAY INC.
- **Address:** 15221 Eureka Rd, Southgate, MI, 48195-2647
- **NAICS:** 624310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $427K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $424K
- **Jobs reported:** 58
## Lender
- **Originating:** Advia Credit Union
- **Servicing:** Advia Credit Union (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*