# PPP loan: YMF CARPETS, INC.
> **$1.32M** approved 04/10/2020 · Paid in Full · Loan `1464167108`
## Borrower
- **Name:** YMF CARPETS, INC.
- **Address:** 201B Middlesex Center Blvd. 0.0, monroe township, NJ, 08831-3043
- **NAICS:** 314110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.32M
- **Initial approval:** $1.32M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $998K
- **Rent:** $241K
- **Mortgage interest:** $18K
- **Utilities:** $5K
- **Health care:** $57K
- **Jobs reported:** 84
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*