# PPP loan: ARCTRADE, INC.
> **$446K** approved 04/28/2020 · Paid in Full · Loan `8401597200`
## Borrower
- **Name:** ARCTRADE, INC.
- **Address:** 12707 High Bluff Drive, Suite 200, San Diego, CA, 92130-2035
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $446K
- **Initial approval:** $446K
- **Forgiven:** $448K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $334K
- **Utilities:** $111K
- **Jobs reported:** 30
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*