ARAZ RUGS INC (PA) - 2020 PPP Loan Borrower Profile (# 7167458305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARAZ RUGS 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 Pennsylvania.

Loan Detail

Loan Number

7167458305

SBA Office Code

0358

Processing Method

PPS

Curent Loan Amount

$93,000

Date Loan was Approved

Jan 28, 2021

Amount Forgiven

$93,728.71

Date Loan was Forgiven

Nov 16, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

92,995

Lender

Citizens Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

442299

Borrower Location

Monaca, PA

Project Location

Monaca, PA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.