# PPP loan: TARC CONSTRUCTION INC.
> **$983K** approved 04/13/2020 · Paid in Full · Loan `5591197107`
## Borrower
- **Name:** TARC CONSTRUCTION INC.
- **Address:** 215 HARBOR BEACH CT, SANTA CRUZ, CA, 95062-2723
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $983K
- **Initial approval:** $983K
- **Forgiven:** $991K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $983K
- **Jobs reported:** 51
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*