PPP Loan information for Royal transportation company

$500,000

Royal transportation company was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 03/12/2021 by The The Huntington National Bank reported 80 jobs and $500,000 was used to fund payroll.

Royal transportation company is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / Royal transportation company

ROYAL TRANSPORTATION COMPANY

Date Approved

03/12/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ROYAL TRANSPORTATION COMPANY

Borrower Address

401 Saint Jean St

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48214-3440

Loan Status Date

09/20/2022

Loan Status

Charged Off

Term

41

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48214-3440

CD

MI-13

Jobs Reported

80

NAICS Code

485510

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

499996.00

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

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;