# PPP loan: THE ARC OF SOMERSET COUNT INC
> **$1.85M** approved 04/08/2020 · Paid in Full · Loan `8054677009`
## Borrower
- **Name:** THE ARC OF SOMERSET COUNT INC
- **Address:** 141 S. MAIN ST, MANVILLE, NJ, 08835-1803
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.87M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Jobs reported:** 285
## Lender
- **Originating:** Magyar Bank
- **Servicing:** Magyar Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*