# PPP loan: AUTOMATIC LAUNDRY SERVICES CO., INC.
> **$868K** approved 04/07/2020 · Paid in Full · Loan `7424757002`
## Borrower
- **Name:** AUTOMATIC LAUNDRY SERVICES CO., INC.
- **Address:** 45 BORDER ST, WEST NEWTON, MA, 02465-2005
- **NAICS:** 812310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $868K
- **Initial approval:** $868K
- **Forgiven:** $876K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $868K
- **Jobs reported:** 55
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*