# PPP loan: AMERICAN CARPET SOUTH
> **$1.73M** approved 02/27/2021 · Paid in Full · Loan `5396658507`
## Borrower
- **Name:** AMERICAN CARPET SOUTH
- **Address:** 347 Broadway, Passaic, NJ, 07055-2738
- **NAICS:** 238330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Forgiven:** $1.75M (101%)
- **Forgiveness date:** 07/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.73M
- **Utilities:** $1
- **Jobs reported:** 131
## Lender
- **Originating:** Titan Bank, National Association
- **Servicing:** Titan Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*