# PPP loan: MECHANICS LAUNDRY SERVICE, INC.
> **$210K** approved 04/14/2020 · Paid in Full · Loan `6537127101`
## Borrower
- **Name:** MECHANICS LAUNDRY SERVICE, INC.
- **Address:** 3276 DEMOCRAT RD Suite 1, MEMPHIS, TN, 38118-1565
- **NAICS:** 812332
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Jobs reported:** 21
## Lender
- **Originating:** Paragon Bank
- **Servicing:** Paragon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*