# PPP loan: LAUNDRY DISTRIBUTION & FOOD SERVICE JT BD
> **$621K** approved 03/26/2021 · Paid in Full · Loan `9776308605`
## Borrower
- **Name:** LAUNDRY DISTRIBUTION & FOOD SERVICE JT BD
- **Address:** 701 McCarter Hwy, Newark, NJ, 07102-4844
- **NAICS:** 813930
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $621K
- **Initial approval:** $621K
- **Forgiven:** $625K (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $621K
- **Utilities:** $1
- **Jobs reported:** 67
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*