# PPP loan: RUG RENOVATING CO. INC.
> **$421K** approved 01/23/2021 · Paid in Full · Loan `4342208305`
## Borrower
- **Name:** RUG RENOVATING CO. INC.
- **Address:** 532 N Grove St, East Orange, NJ, 07017-4909
- **NAICS:** 811490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 12/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $421K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*