# PPP loan: FLOOR COVERINGS INC
> **$224K** approved 04/15/2020 · Charged Off · Loan `8474287104`
## Borrower
- **Name:** FLOOR COVERINGS INC
- **Address:** 16627 Parkside Ave, CERRITOS, CA, 90703
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $199K (89%)
- **Forgiveness date:** 02/16/2021
- **Status:** Charged Off
- **Term:** 21 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 13
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*