# PPP loan: ADVANTAGE FLOORING, INC.
> **$566K** approved 04/07/2020 · Paid in Full · Loan `7466927003`
## Borrower
- **Name:** ADVANTAGE FLOORING, INC.
- **Address:** 7240 Standard Drive, HANOVER, MD, 21076-2300
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $570K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $481K
- **Rent:** $80K
- **Utilities:** $5K
- **Jobs reported:** 49
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*