# PPP loan: PARK RUG COMPANY INC
> **$378K** approved 05/01/2020 · Paid in Full · Loan `6398057702`
## Borrower
- **Name:** PARK RUG COMPANY INC
- **Address:** 9590 LYNN BUFF CT STE 1, LAUREL, MD, 20723-6311
- **NAICS:** 442210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $378K
- **Initial approval:** $378K
- **Forgiven:** $384K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $378K
- **Jobs reported:** 25
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*