# PPP loan: CONSOLIDATED LAUNDRY EQUIPMENT INC.
> **$406K** approved 02/22/2021 · Paid in Full · Loan `2759498503`
## Borrower
- **Name:** CONSOLIDATED LAUNDRY EQUIPMENT INC.
- **Address:** 530 Maywood Ave, Raleigh, NC, 27603-2338
- **NAICS:** 423850
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $408K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $406K
- **Jobs reported:** 44
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*