PPP Loan information for Royal electric & design inc.

$40,324

Royal electric & design inc. was initially approved for PPP Loan of amount $40,324, the current approved amount is $40,324. The loan was approved on 04/22/2021 by The German American Bank reported 5 jobs and $40,324 was used to fund payroll.

Royal electric & design inc. is Existing or more than 2 years old

PPP Loan Search / KY / Calhoun / Royal electric & design inc.

ROYAL ELECTRIC & DESIGN INC.

Date Approved

04/22/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

ROYAL ELECTRIC & DESIGN INC.

Borrower Address

4520 US Highway 431 N

Borrower City

Calhoun

Borrower State

KY

Borrower Zip

42327-9641

Loan Status Date

09/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

40323.97

Current Approval Amount

40323.97

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23790

Servicing Lender Name

German American Bank

Servicing Lender Address

711 Main St

Servicing Lender City

JASPER

Servicing Lender State

IN

Servicing Lender Zip

47546-3042

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Calhoun

Project County Name

MCLEAN

Project State

KY

Project Zip

42327-9641

CD

KY-02

Jobs Reported

5

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

40319.97

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

23790

Originating Lender

German American Bank

Originating Lender City

JASPER

Originating Lender State

IN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

40447.70

Forgiveness Date

08/17/2021

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