Metropolitan Contract Carpets, Inc.

$1,975,000 PPP Loan in Cherry Hill, New Jersey

Loan Details

Loan Number
8902057004
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,975,000
Current Approval
$1,975,000
Forgiveness Amount
$1,998,974
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Metropolitan Contract Carpets, Inc.
Address
625 Chapel Ave
ZIP Code
08034-1407
Business Type
Corporation
Industry (NAICS)
Retail Trade (442210)
Business Age
Existing or more than 2 years old
Jobs Reported
107
Estimated Revenue
$19.4M
Rural/Urban
Urban
Congressional District
NJ-01

Loan Use Breakdown

Payroll
$1,481,250
Rent
$296,250
Utilities
$197,500

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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