# PPP loan: ARNOLD & SMITH, PLLC
> **$470K** approved 04/07/2020 · Paid in Full · Loan `7226227006`
## Borrower
- **Name:** ARNOLD & SMITH, PLLC
- **Address:** 200 North McDowell St, CHARLOTTE, NC, 28204-2213
- **NAICS:** 541110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $470K
- **Initial approval:** $470K
- **Forgiven:** $477K (102%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $404K
- **Rent:** $60K
- **Utilities:** $7K
- **Jobs reported:** 24
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*