PPP Loan information for Royal trucking company

$3,469,188

Royal trucking company was initially approved for PPP Loan of amount $3,469,188, the current approved amount is $3,469,188. The loan was approved on 04/07/2020 by The The Bank of Vernon reported 246 jobs and $3,469,188 was used to fund payroll.

Royal trucking company is Existing or more than 2 years old

ROYAL TRUCKING COMPANY

Date Approved

04/07/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

ROYAL TRUCKING COMPANY

Borrower Address

1312 INDUSTRIAL ACCESS RD

Borrower City

WEST POINT

Borrower State

MS

Borrower Zip

39773-2385

Loan Status Date

07/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3469188.35

Current Approval Amount

3469188.35

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3334

Servicing Lender Name

The Bank of Vernon

Servicing Lender Address

44825 Hwy 17

Servicing Lender City

VERNON

Servicing Lender State

AL

Servicing Lender Zip

35592-5647

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WEST POINT

Project County Name

CLAY

Project State

MS

Project Zip

39773-2385

CD

MS-01

Jobs Reported

246

NAICS Code

484121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

51990.50

Payroll Proceed

2868948.75

Mortgage Interest Proceed

209139.08

Rent Proceed

339110.02

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

3334

Originating Lender

The Bank of Vernon

Originating Lender City

VERNON

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2901383.78

Forgiveness Date

05/27/2021

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