# PPP loan: ELITE LAUNDRY COMPANY INC.
> **$269K** approved 04/14/2020 · Paid in Full · Loan `7283647108`
## Borrower
- **Name:** ELITE LAUNDRY COMPANY INC.
- **Address:** 208 E. Highway 66, GALLUP, NM, 87301-6127
- **NAICS:** 812320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Utilities:** $30K
- **Jobs reported:** 44
## Lender
- **Originating:** Pinnacle Bank, A Division of
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*