# PPP loan: ARARAT ORIENTAL RUGS
> **$249K** approved 05/17/2020 · Paid in Full · Loan `7911097405`
## Borrower
- **Name:** ARARAT ORIENTAL RUGS
- **Address:** 3000 RIVERSIDE DR, LOS ANGELES, CA, 90039-2014
- **NAICS:** 811490
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $62K (25%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 13
## 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*