# PPP loan: AREL STUDIO INC
> **$199K** approved 03/12/2021 · Paid in Full · Loan `9381988507`
## Borrower
- **Name:** AREL STUDIO INC
- **Address:** 242 W 36th St Frnt 4, New York, NY, 10018-8989
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*