# PPP loan: THE ARC OF THE PIEDMONT, INC.
> **$539K** approved 04/09/2020 · Paid in Full · Loan `9503297003`
## Borrower
- **Name:** THE ARC OF THE PIEDMONT, INC.
- **Address:** 1149 Rose Hill Drive, CHARLOTTESVILLE, VA, 22903-5131
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $539K
- **Initial approval:** $539K
- **Forgiven:** $542K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $431K
- **Rent:** $11K
- **Mortgage interest:** $21K
- **Utilities:** $76K
- **Jobs reported:** 86
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*