Up-To-Date Laundry, Inc.

$2,250,029 PPP Loan in Baltimore, Maryland

Loan Details

Loan Number
5583507006
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$2,250,029
Current Approval
$2,250,029
Forgiveness Amount
$2,275,981
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Up-To-Date Laundry, Inc.
Address
1221 Desoto Rd
ZIP Code
21223-3211
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (812320)
Business Age
Existing or more than 2 years old
Jobs Reported
270
Estimated Revenue
$51.6M
Rural/Urban
Urban
Congressional District
MD-07

Loan Use Breakdown

Payroll
$1,912,596
Rent
$83,577
Utilities
$114,741
Health Care
$139,115

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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