# PPP loan: RICHLOOM FABRICS GROUP, INC.
> **$1.45M** approved 04/15/2020 · Exemption 4 · Loan `9704467100`
## Borrower
- **Name:** RICHLOOM FABRICS GROUP, INC.
- **Address:** 261   5TH AVE, 12th Fl, NEW YORK, NY, 10016-7601
- **NAICS:** 314120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.24M (86%)
- **Forgiveness date:** 07/28/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.45M
- **Jobs reported:** 78
## 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*