# PPP loan: NEW SYSTEM LAUNDRY, LLC
> **$1.54M** approved 02/12/2021 · Paid in Full · Loan `7490448400`
## Borrower
- **Name:** NEW SYSTEM LAUNDRY, LLC
- **Address:** 432 NE 10th Ave, Portland, OR, 97232-2713
- **NAICS:** 812331
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.54M
- **Utilities:** $1
- **Jobs reported:** 138
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*