# PPP loan: ARCLIGHT WIRELESS INC
> **$340K** approved 04/28/2020 · Paid in Full · Loan `6434127207`
## Borrower
- **Name:** ARCLIGHT WIRELESS INC
- **Address:** 400 W NORTH STREET, STE 1418, RALEIGH, NC, 27603
- **NAICS:** 517312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Jobs reported:** 23
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*