UNITED LAUNDRY SERVICES, LLC
PPP Loan approved Apr 13, 2020 through KeyBank National Association
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $4,682,609.00 | 100.0% |
About This Loan
UNITED LAUNDRY SERVICES, LLC received a PPP loan of $4,682,609 approved on Apr 13, 2020. The loan was originated by KeyBank National Association.
UNITED LAUNDRY SERVICES, LLC is a limited liability company(llc) located in HONOLULU, Hawaii. At the time of the application, the business was described as "unanswered".
The business operates in the Drycleaning and Laundry Services industry (NAICS 812331), part of the Other Services (except Public Administration) sector of the economy. The applicant reported 216 jobs as retained through this loan.
No forgiveness has been recorded for this loan in the SBA's September 2024 data release. Possible explanations include: the borrower chose to repay rather than apply for forgiveness; the forgiveness application was denied; the loan was still in repayment status at the time of the data freeze; or the borrower defaulted, leading to a charge-off.
According to the SBA's records, the proceeds of this loan were allocated as follows: $4,682,609 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Hawaii, visit the Hawaii page. To compare this loan with others in the same industry, see the Drycleaning and Laundry Services industry page.