# PPP loan: ARCHWAY SERVICES INC
> **$700K** approved 04/07/2020 · Paid in Full · Loan `6566247003`
## Borrower
- **Name:** ARCHWAY SERVICES INC
- **Address:** 2316 KINGS ROAD EXTENSION, SHELBY, NC, 28152-6232
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $704K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $525K
- **Rent:** $88K
- **Utilities:** $88K
- **Jobs reported:** 71
## Lender
- **Originating:** Settlers Bank
- **Servicing:** Wings Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*