PPP Loan information for Royalty electric, inc.

$25,000

Royalty electric, inc. was initially approved for PPP Loan of amount $25,000, the current approved amount is $25,000. The loan was approved on 05/12/2020 by The Truist Bank reported 3 jobs and $25,000 was used to fund payroll.

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

PPP Loan Search / TN / MADISON / Royalty electric, inc.

ROYALTY ELECTRIC, INC.

Date Approved

05/12/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

ROYALTY ELECTRIC, INC.

Borrower Address

205 CRETE TRAIL

Borrower City

MADISON

Borrower State

TN

Borrower Zip

37115

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

25000.00

Current Approval Amount

25000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MADISON

Project County Name

DAVIDSON

Project State

TN

Project Zip

37115-0001

CD

TN-05

Jobs Reported

3

NAICS Code

238210

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

25000.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

25231.94

Forgiveness Date

04/13/2021

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