# PPP loan: AREL CAPITAL, L.P.
> **$350K** approved 03/05/2021 · Paid in Full · Loan `7294548507`
## Borrower
- **Name:** AREL CAPITAL, L.P.
- **Address:** 540 Madison Ave, New York, NY, 10022-3213
- **NAICS:** 531390
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $350K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*