ELITE LAUNDRY COMPANY INC. (NM) - 2020 PPP Loan Borrower Profile (# 7283647108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ELITE LAUNDRY COMPANY INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in New Mexico.

Loan Detail

Loan Number

7283647108

SBA Office Code

0682

Processing Method

PPP

Curent Loan Amount

$268,837

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$271,786.74

Date Loan was Forgiven

May 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

30,000

Payroll Proced

238,837

Lender

Pinnacle Bank, A Division of

Business Detail

Business Type

Subchapter S Corporation

NAICS

812320

Borrower Location

GALLUP, NM

Project Location

GALLUP, NM

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.