# PPP loan: SPRINGFIELD LAUNDRY INC
> **$431K** approved 04/08/2020 · Paid in Full · Loan `7919157001`
## Borrower
- **Name:** SPRINGFIELD LAUNDRY INC
- **Address:** 207 EAST HIGH ST, SPRINGFIELD, KY, 40069-1142
- **NAICS:** 812320
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $437K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $345K
- **Mortgage interest:** $45K
- **Utilities:** $41K
- **Jobs reported:** 68
## Lender
- **Originating:** Springfield State Bank
- **Servicing:** Springfield State Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*