# PPP loan: ART & CARL CORP
> **$498K** approved 06/03/2020 · Paid in Full · Loan `7635617801`
## Borrower
- **Name:** ART & CARL CORP
- **Address:** 12475 Llagas Ave, San Martin, CA, 95046-9508
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $686K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $498K
- **Jobs reported:** 32
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*