2U LAUNDRY, INC (NC) - 2020 PPP Loan Borrower Profile (# 5818007102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2U LAUNDRY, 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 North Carolina.

Loan Detail

Loan Number

5818007102

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$537,985

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$427,852.68

Date Loan was Forgiven

Feb 10, 2021

Loan Status

Exemption 4

Loan Term

60 Months

Payroll Proced

537,985

Lender

SouthState Bank, National Association

Business Detail

Business Type

Corporation

NAICS

335220

Borrower Location

CHARLOTTE, NC

Project Location

CHARLOTTE, NC

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.