AMERICAN CARPET OUTLET INC. (MD) - 2020 PPP Loan Borrower Profile (# 7787908604)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN CARPET OUTLET INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Maryland.

Loan Detail

Loan Number

7787908604

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$40,000

Date Loan was Approved

Mar 24, 2021

Amount Forgiven

$40,455.56

Date Loan was Forgiven

May 16, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

39,997

Lender

Truist Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238330

Borrower Location

Beltsville, MD

Project Location

Beltsville, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.