# PPP loan: THE ARC OF EAST CENTRAL IOWA
> **$727K** approved 04/07/2020 · Paid in Full · Loan `6972897005`
## Borrower
- **Name:** THE ARC OF EAST CENTRAL IOWA
- **Address:** 680 2nd St SE Suite 200, CEDAR RAPIDS, IA, 52401-2006
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $727K
- **Initial approval:** $727K
- **Forgiven:** $734K (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $727K
- **Jobs reported:** 280
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*