# PPP loan: ELITE LAUNDRY SERVICES OF TEXAS, INC.
> **$711K** approved 04/08/2020 · Paid in Full · Loan `8052687008`
## Borrower
- **Name:** ELITE LAUNDRY SERVICES OF TEXAS, INC.
- **Address:** 1021 COMMERCIAL BLVD. NORTH, ARLINGTON, TX, 76001-7124
- **NAICS:** 812332
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $711K
- **Initial approval:** $711K
- **Forgiven:** $720K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $711K
- **Jobs reported:** 85
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*