# PPP loan: ARC MECHANICAL CONTRACTORS, INC.
> **$615K** approved 04/15/2020 · Paid in Full · Loan `8876787104`
## Borrower
- **Name:** ARC MECHANICAL CONTRACTORS, INC.
- **Address:** 36408 Bayou Liberty Rd, SLIDELL, LA, 70460
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $615K
- **Initial approval:** $615K
- **Forgiven:** $622K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $461K
- **Utilities:** $154K
- **Jobs reported:** 25
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*