# PPP loan: CARPET CYCLE LLC
> **$275K** approved 04/28/2020 · Charged Off · Loan `9232807205`
## Borrower
- **Name:** CARPET CYCLE LLC
- **Address:** 360 West 1st Ave, Roselle, NJ, 07203
- **NAICS:** 561740
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Status:** Charged Off
- **Term:** 27 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 34
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*