# PPP loan: CHERRY CARPET INC
> **$372K** approved 03/03/2021 · Paid in Full · Loan `6410388500`
## Borrower
- **Name:** CHERRY CARPET INC
- **Address:** 2915 London Blvd, Portsmouth, VA, 23707-3405
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $376K (101%)
- **Forgiveness date:** 03/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Jobs reported:** 30
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*