# PPP loan: BLUE ARC ELECTRIC
> **$709K** approved 04/09/2020 · Paid in Full · Loan `9955847003`
## Borrower
- **Name:** BLUE ARC ELECTRIC
- **Address:** 920 S. McGlimcy Lane, CAMPBELL, CA, 95008
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $709K
- **Initial approval:** $709K
- **Forgiven:** $717K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $532K
- **Rent:** $89K
- **Utilities:** $89K
- **Jobs reported:** 40
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*