# PPP loan: MODERN CARPETS INC
> **$163K** approved 01/19/2021 · Paid in Full · Loan `1767918308`
## Borrower
- **Name:** MODERN CARPETS INC
- **Address:** 4319 Saint Barnabas Rd, Temple Hills, MD, 20748-1833
- **NAICS:** 442210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 05/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Eastern Savings Bank, FSB
- **Servicing:** Eastern Savings Bank, FSB (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*