# PPP loan: NEW ROCHELLE CARPET INC.
> **$1.07M** approved 04/27/2020 · Paid in Full · Loan `4860617205`
## Borrower
- **Name:** NEW ROCHELLE CARPET INC.
- **Address:** 607 Main Street, New Rochelle, NY, 10801
- **NAICS:** 442210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 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*