PPP Loan information for Royal auto works inc

$297,100

Royal auto works inc was initially approved for PPP Loan of amount $404,100, the current approved amount is $297,100. The loan was approved on 04/09/2020 by The First Bank reported 24 jobs and $297,100 was used to fund payroll.

Royal auto works inc is Existing or more than 2 years old

PPP Loan Search / VA / FRONT ROYAL / Royal auto works inc

ROYAL AUTO WORKS INC

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ROYAL AUTO WORKS INC

Borrower Address

706 N ROYAL AVE

Borrower City

FRONT ROYAL

Borrower State

VA

Borrower Zip

22630-2716

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

404100.00

Current Approval Amount

297100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73903

Servicing Lender Name

First Bank

Servicing Lender Address

112 W King St

Servicing Lender City

STRASBURG

Servicing Lender State

VA

Servicing Lender Zip

22657-2220

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FRONT ROYAL

Project County Name

WARREN

Project State

VA

Project Zip

22630-2716

CD

VA-06

Jobs Reported

24

NAICS Code

811121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

297100.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

73903

Originating Lender

First Bank

Originating Lender City

STRASBURG

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

299592.34

Forgiveness Date

02/17/2021

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