# PPP loan: NEW ROCHELLE CARPET INC
> **$1.07M** approved 01/21/2021 · Paid in Full · Loan `2814758306`
## Borrower
- **Name:** NEW ROCHELLE CARPET INC
- **Address:** 607 Main St, New Rochelle, NY, 10801-7112
- **NAICS:** 238330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 01/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.07M
- **Jobs reported:** 67
## Lender
- **Originating:** Orange Bank & Trust Company
- **Servicing:** Orange Bank & Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*