# PPP loan: ARC INNOVATIONS, INC
> **$184K** approved 04/08/2020 · Paid in Full · Loan `7795577006`
## Borrower
- **Name:** ARC INNOVATIONS, INC
- **Address:** 601 S High Street, Muncie, IN, 47305-2331
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $184K
- **Initial approval:** $184K
- **Forgiven:** $186K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Jobs reported:** 32
## Lender
- **Originating:** The National Bank of Indianapolis
- **Servicing:** The National Bank of Indianapolis (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*