# PPP loan: 651 CARPETS INC
> **$222K** approved 04/09/2020 · Paid in Full · Loan `8932047002`
## Borrower
- **Name:** 651 CARPETS INC
- **Address:** 613 West County Road E, Shoreview, MN, 55126
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $222K
- **Initial approval:** $222K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $31K
- **Utilities:** $7K
- **Jobs reported:** 15
## Lender
- **Originating:** VisionBank
- **Servicing:** VisionBank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*