# PPP loan: NEW SYSTEM LINEN SERVICE, INC.
> **$412K** approved 04/14/2020 · Paid in Full · Loan `6132797105`
## Borrower
- **Name:** NEW SYSTEM LINEN SERVICE, INC.
- **Address:** 174 Industrial Dr, Ruckersville, VA, 22968
- **NAICS:** 812331
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $412K
- **Initial approval:** $412K
- **Forgiven:** $417K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $51K
- **Utilities:** $51K
- **Jobs reported:** 28
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*