PPP Loan information for Arclabs, llc

$610,242

Arclabs, llc was initially approved for PPP Loan of amount $610,242, the current approved amount is $610,242. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 47 jobs and $610,242 was used to fund payroll.

Arclabs, llc is New Business or 2 years or less

PPP Loan Search / SC / PIEDMONT / Arclabs, llc

ARCLABS, LLC

Date Approved

05/01/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

ARCLABS, LLC

Borrower Address

2615 HIGHWAY 153 STE B3

Borrower City

PIEDMONT

Borrower State

SC

Borrower Zip

29673-6727

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

610242.00

Current Approval Amount

610242.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

PIEDMONT

Project County Name

ANDERSON

Project State

SC

Project Zip

29673-6727

CD

SC-03

Jobs Reported

47

NAICS Code

611519

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

610242.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

614237.83

Forgiveness Date

12/30/2020

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