# PPP loan: ARC IMPERIAL VALLEY
> **$1.83M** approved 04/15/2020 · Paid in Full · Loan `8040147100`
## Borrower
- **Name:** ARC IMPERIAL VALLEY
- **Address:** 800 N IMPERIAL AVE, EL CENTRO, CA, 92243
- **NAICS:** 722511
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.83M
- **Initial approval:** $1.83M
- **Forgiven:** $1.85M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.83M
- **Jobs reported:** 420
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*