PPP Loan information for Royal electric, inc.

$370,800

Royal electric, inc. was initially approved for PPP Loan of amount $370,800, the current approved amount is $370,800. The loan was approved on 04/15/2020 by The ACNB Bank reported 31 jobs and $370,800 was used to fund payroll.

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

PPP Loan Search / MD / SYKESVILLE / Royal electric, inc.

ROYAL ELECTRIC, INC.

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

ROYAL ELECTRIC, INC.

Borrower Address

7512 Main St.

Borrower City

SYKESVILLE

Borrower State

MD

Borrower Zip

21784

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

370800.00

Current Approval Amount

370800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60227

Servicing Lender Name

ACNB Bank

Servicing Lender Address

16 Lincoln Sq

Servicing Lender City

GETTYSBURG

Servicing Lender State

PA

Servicing Lender Zip

17325-2205

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SYKESVILLE

Project County Name

CARROLL

Project State

MD

Project Zip

21784-0001

CD

MD-02

Jobs Reported

31

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

370800.00

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

60227

Originating Lender

ACNB Bank

Originating Lender City

GETTYSBURG

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

375177.50

Forgiveness Date

06/22/2021

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