# PPP loan: FLOOR COATINGS ETC INC.
> **$391K** approved 04/15/2020 · Paid in Full · Loan `9790667107`
## Borrower
- **Name:** FLOOR COATINGS ETC INC.
- **Address:** 110 J and M Drive, New Castle, DE, 19720
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $396K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $337K
- **Rent:** $16K
- **Utilities:** $4K
- **Health care:** $28K
- **Debt interest:** $6K
- **Jobs reported:** 31
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*