# PPP loan: THE ARC NORTHERN CHESAPEAKE REGION, INC.
> **$2.61M** approved 04/15/2020 · Paid in Full · Loan `9857757105`
## Borrower
- **Name:** THE ARC NORTHERN CHESAPEAKE REGION, INC.
- **Address:** 4513 PHILADELPHIA RD, Aberdeen, MD, 21001
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.61M
- **Initial approval:** $2.61M
- **Forgiven:** $2.64M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.41M
- **Rent:** $50K
- **Mortgage interest:** $15K
- **Utilities:** $26K
- **Health care:** $110K
- **Jobs reported:** 415
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*