# PPP loan: 1ST CLASS LAUNDRY
> **$1.42M** approved 02/17/2021 · Exemption 4 · Loan `9427128405`
## Borrower
- **Name:** 1ST CLASS LAUNDRY
- **Address:** 33483 Western Ave, Union City, CA, 94587-3201
- **NAICS:** 812332
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.37M (96%)
- **Forgiveness date:** 08/04/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.42M
- **Utilities:** $1
- **Jobs reported:** 150
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*