# PPP loan: ARCO TRADING CO.
> **$312K** approved 05/03/2020 · Paid in Full · Loan `6179527701`
## Borrower
- **Name:** ARCO TRADING CO.
- **Address:** 1422 CHESTNUT AVE, HILLSIDE, NJ, 07205-1112
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $282K (91%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 22
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*