PPP Loan information for Royal truck and trailer sales & service inc.

$2,027,774

Royal truck and trailer sales & service inc. was initially approved for PPP Loan of amount $2,027,774, the current approved amount is $2,027,774. The loan was approved on 04/07/2020 by The First Merchants Bank reported 150 jobs and $2,027,774 was used to fund payroll.

Royal truck and trailer sales & service inc. is Existing or more than 2 years old

PPP Loan Search / MI / WIXOM / Royal truck and trailer sales & service inc.

ROYAL TRUCK AND TRAILER SALES & SERVICE INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ROYAL TRUCK AND TRAILER SALES & SERVICE INC.

Borrower Address

28930 S WIXOM RD

Borrower City

WIXOM

Borrower State

MI

Borrower Zip

48393-3416

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2027774.00

Current Approval Amount

2027774.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WIXOM

Project County Name

OAKLAND

Project State

MI

Project Zip

48393-3416

CD

MI-11

Jobs Reported

150

NAICS Code

441228

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2027774.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2051496.18

Forgiveness Date

06/17/2021

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