# PPP loan: ARC DESIGN RESOURCES, INC.
> **$285K** approved 04/06/2020 · Paid in Full · Loan `6392577007`
## Borrower
- **Name:** ARC DESIGN RESOURCES, INC.
- **Address:** 5291 ZENITH PKWY, LOVES PARK, IL, 61111-2727
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $287K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Rent:** $8K
- **Utilities:** $2K
- **Jobs reported:** 21
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*