# PPP loan: METROPOLITAN CONTRACT CARPETS, INC.
> **$1.98M** approved 04/09/2020 · Paid in Full · Loan `8902057004`
## Borrower
- **Name:** METROPOLITAN CONTRACT CARPETS, INC.
- **Address:** 625 CHAPEL AVE, CHERRY HILL, NJ, 08034-1407
- **NAICS:** 442210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.98M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Rent:** $296K
- **Utilities:** $198K
- **Jobs reported:** 107
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*