# PPP loan: CARPET TOWN INC
> **$255K** approved 01/16/2021 · Charged Off · Loan `1096258309`
## Borrower
- **Name:** CARPET TOWN INC
- **Address:** 1350 S 108th St, Milwaukee, WI, 53214-2437
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $166K (65%)
- **Forgiveness date:** 06/30/2022
- **Status:** Charged Off
- **Term:** 37 months
## Use of funds
- **Payroll:** $255K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Spring Bank
- **Servicing:** Spring Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*