# PPP loan: ARC CONTRACTING INC
> **$606K** approved 03/02/2021 · Paid in Full · Loan `5850288504`
## Borrower
- **Name:** ARC CONTRACTING INC
- **Address:** 340 Evergreen Ave Apt 417, Brooklyn, NY, 11221-6632
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $606K
- **Initial approval:** $606K
- **Forgiven:** $611K (101%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $606K
- **Jobs reported:** 102
## Lender
- **Originating:** Blue Foundry Bank
- **Servicing:** Blue Foundry Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*