PPP Loan information for Up-to-date laundry, inc.

$2,250,029

Up-to-date laundry, inc. was initially approved for PPP Loan of amount $2,250,029, the current approved amount is $2,250,029. The loan was approved on 04/05/2020 by The Sandy Spring Bank reported 270 jobs and $2,250,029 was used to fund payroll.

Up-to-date laundry, inc. is Existing or more than 2 years old

PPP Loan Search / MD / BALTIMORE / Up-to-date laundry, inc.

UP-TO-DATE LAUNDRY, INC.

Date Approved

04/05/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

UP-TO-DATE LAUNDRY, INC.

Borrower Address

1221 DESOTO RD

Borrower City

BALTIMORE

Borrower State

MD

Borrower Zip

21223-3211

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2250029.00

Current Approval Amount

2250029.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BALTIMORE

Project County Name

BALTIMORE CITY

Project State

MD

Project Zip

21223-3211

CD

MD-07

Jobs Reported

270

NAICS Code

812320

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

114741.00

Payroll Proceed

1912596.00

Mortgage Interest Proceed

0.00

Rent Proceed

83577.00

Refinance EIDL Proceed

0.00

Health Care Proceed

139115.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2275981.39

Forgiveness Date

06/11/2021

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