PPP Loan information for Royal foundations inc

$645,800

Royal foundations inc was initially approved for PPP Loan of amount $645,800, the current approved amount is $645,800. The loan was approved on 04/10/2020 by The Blue Ridge Bank, National Association reported 50 jobs and $645,800 was used to fund payroll.

Royal foundations inc is Existing or more than 2 years old

PPP Loan Search / VA / GORDONSVILLE / Royal foundations inc

ROYAL FOUNDATIONS INC

Date Approved

04/10/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ROYAL FOUNDATIONS INC

Borrower Address

14186 MADISON RUN RD

Borrower City

GORDONSVILLE

Borrower State

VA

Borrower Zip

22942-8604

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

645800.00

Current Approval Amount

645800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124336

Servicing Lender Name

Blue Ridge Bank, National Association

Servicing Lender Address

1 E Market St Imperial Plaza

Servicing Lender City

MARTINSVILLE

Servicing Lender State

VA

Servicing Lender Zip

24112

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GORDONSVILLE

Project County Name

ORANGE

Project State

VA

Project Zip

22942-8604

CD

VA-07

Jobs Reported

50

NAICS Code

236115

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1000.00

Payroll Proceed

594800.00

Mortgage Interest Proceed

0.00

Rent Proceed

22000.00

Refinance EIDL Proceed

28000.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

124336

Originating Lender

Blue Ridge Bank, National Association

Originating Lender City

MARTINSVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

649423.66

Forgiveness Date

11/03/2020

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