# PPP loan: REID'S LAUNDRY AND DRY CLEANERS INC.
> **$616K** approved 04/05/2020 · Paid in Full · Loan `5181517006`
## Borrower
- **Name:** REID'S LAUNDRY AND DRY CLEANERS INC.
- **Address:** 11907 W HIGHWAY 290, AUSTIN, TX, 78737-2841
- **NAICS:** 812320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $616K
- **Initial approval:** $616K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $462K
- **Mortgage interest:** $77K
- **Utilities:** $77K
- **Jobs reported:** 113
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*