# PPP loan: ARETE TECHNOLOGIES INC
> **$657K** approved 04/08/2021 · Paid in Full · Loan `8820128701`
## Borrower
- **Name:** ARETE TECHNOLOGIES INC
- **Address:** 647 Peach Orchard Pl, Cary, NC, 27519-1893
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $661K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $657K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** Coastal Community Bank
- **Servicing:** Coastal Community Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*