# PPP loan: MACKEL ARTHUR CARTER ENTERPRISES, LLC
> **$481K** approved 04/14/2020 · Exemption 4 · Loan `7160617110`
## Borrower
- **Name:** MACKEL ARTHUR CARTER ENTERPRISES, LLC
- **Address:** 15614 front beach road, PANAMA CITY BEACH, FL, 32413-2506
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $359K (75%)
- **Forgiveness date:** 07/24/2023
- **Status:** Exemption 4
- **Term:** 100 months
## Use of funds
- **Payroll:** $481K
- **Jobs reported:** 72
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*