# PPP loan: RUGS AMERICA CORPORATION
> **$164K** approved 04/16/2020 · Paid in Full · Loan `2631897205`
## Borrower
- **Name:** RUGS AMERICA CORPORATION
- **Address:** 10 DANIEL ST, FARMINGDALE, NY, 11735-1322
- **NAICS:** 314110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Jobs reported:** 25
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*