# PPP loan: CITY LAUNDERING COMPANY
> **$1.01M** approved 04/04/2020 · Paid in Full · Loan `4823797007`
## Borrower
- **Name:** CITY LAUNDERING COMPANY
- **Address:** 1700 South Frederick Ave., OELWEIN, IA, 50662-3101
- **NAICS:** 812331
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 108
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*