# PPP loan: STARK CARPET CORP
> **$5.60M** approved 04/14/2020 · Paid in Full · Loan `5957007102`
## Borrower
- **Name:** STARK CARPET CORP
- **Address:** 979 3RD AVE 11th Floor, NEW YORK, NY, 10022-0007
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.60M
- **Initial approval:** $5.60M
- **Forgiven:** $5.61M (100%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.20M
- **Rent:** $1.34M
- **Utilities:** $56K
- **Jobs reported:** 197
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*