# PPP loan: ALLIED CARPET SHOP, INC.
> **$700K** approved 05/01/2020 · Paid in Full · Loan `6812567709`
## Borrower
- **Name:** ALLIED CARPET SHOP, INC.
- **Address:** 340 E 131ST ST, CLEVELAND, OH, 44108-1608
- **NAICS:** 238330
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $124K (18%)
- **Forgiveness date:** 06/26/2023
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Jobs reported:** 55
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*