# PPP loan: BELFORT FURNITURE INC.
> **$1.48M** approved 03/13/2021 · Paid in Full · Loan `1426318601`
## Borrower
- **Name:** BELFORT FURNITURE INC.
- **Address:** 22267 Shaw Rd, Sterling, VA, 20166-9320
- **NAICS:** 442110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 08/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.48M
- **Utilities:** $1
- **Jobs reported:** 138
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*