# PPP loan: ARCK FOODS, INC.
> **$655K** approved 04/09/2020 · Paid in Full · Loan `9116647001`
## Borrower
- **Name:** ARCK FOODS, INC.
- **Address:** 5815 S 58th St. Ste C, LINCOLN, NE, 68516-3600
- **NAICS:** 424470
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $655K
- **Initial approval:** $655K
- **Forgiven:** $662K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $530K
- **Utilities:** $10K
- **Health care:** $105K
- **Debt interest:** $10K
- **Jobs reported:** 54
## Lender
- **Originating:** Frontier Bank
- **Servicing:** Frontier Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*