PPP Loan information for Royal motor sales, inc.

$694,200

Royal motor sales, inc. was initially approved for PPP Loan of amount $694,200, the current approved amount is $694,200. The loan was approved on 04/27/2020 by The BMO Harris Bank National Association reported 61 jobs and $694,200 was used to fund payroll.

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

PPP Loan Search / IN / MOUNT VERNON / Royal motor sales, inc.

ROYAL MOTOR SALES, INC.

Date Approved

04/27/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

ROYAL MOTOR SALES, INC.

Borrower Address

4000 HIGHWAY 62 E

Borrower City

MOUNT VERNON

Borrower State

IN

Borrower Zip

47620-6996

Loan Status Date

08/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

694200.00

Current Approval Amount

694200.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOUNT VERNON

Project County Name

POSEY

Project State

IN

Project Zip

47620-6996

CD

IN-08

Jobs Reported

61

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

694200.00

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

Subchapter S Corporation

Originating Lender Location Id

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

702815.69

Forgiveness Date

07/29/2021

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