# PPP loan: ARROW ELECTRIC INC
> **$478K** approved 04/09/2020 · Paid in Full · Loan `9407047009`
## Borrower
- **Name:** ARROW ELECTRIC INC
- **Address:** 1325 25th M St NW, ARNEGARD, ND, 58835-9137
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $478K
- **Initial approval:** $493K
- **Forgiven:** $483K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $430K
- **Rent:** $38K
- **Utilities:** $10K
- **Jobs reported:** 17
## Lender
- **Originating:** BNC National Bank
- **Servicing:** BNC National Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*