# PPP loan: NEW SYSTEM LAUNDRY, LLC
> **$1.39M** approved 04/08/2020 · Paid in Full · Loan `8573307005`
## Borrower
- **Name:** NEW SYSTEM LAUNDRY, LLC
- **Address:** 432 NE 10TH AVE, PORTLAND, OR, 97232-2713
- **NAICS:** 812320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Jobs reported:** 130
## 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*