# PPP loan: ARQ ENTERPRISES INC
> **$284K** approved 04/08/2020 · Paid in Full · Loan `8788667005`
## Borrower
- **Name:** ARQ ENTERPRISES INC
- **Address:** 7508 BLUFF SPRINGS RD, AUSTIN, TX, 78744-5608
- **NAICS:** 488410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $284K
- **Initial approval:** $284K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Rent:** $35K
- **Utilities:** $35K
- **Jobs reported:** 30
## Lender
- **Originating:** American Bank of Commerce
- **Servicing:** American Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*