PPP Loan information for Royal teas and drinks inc

$9,518

Royal teas and drinks inc was initially approved for PPP Loan of amount $9,518, the current approved amount is $9,518. The loan was approved on 02/16/2021 by The Cross River Bank reported 5 jobs and $9,518 was used to fund payroll.

Royal teas and drinks inc is Existing or more than 2 years old

PPP Loan Search / MI / Madison Hts / Royal teas and drinks inc

ROYAL TEAS AND DRINKS INC

Date Approved

02/16/2021

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ROYAL TEAS AND DRINKS INC

Borrower Address

30569 Dequindre Rd

Borrower City

Madison Hts

Borrower State

MI

Borrower Zip

48071-2245

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

9518.00

Current Approval Amount

9518.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Madison Hts

Project County Name

OAKLAND

Project State

MI

Project Zip

48071-2245

CD

MI-11

Jobs Reported

5

NAICS Code

445299

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

9513.00

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

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

9551.38

Forgiveness Date

07/08/2021

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