PPP Loan information for Royal transportation company inc

$584,187

Royal transportation company inc was initially approved for PPP Loan of amount $584,187, the current approved amount is $584,187. The loan was approved on 04/30/2020 by The The Huntington National Bank reported 89 jobs and $584,187 was used to fund payroll.

Royal transportation company inc is Existing or more than 2 years old

PPP Loan Search / MI / DETROIT / Royal transportation company inc

ROYAL TRANSPORTATION COMPANY INC

Date Approved

04/30/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ROYAL TRANSPORTATION COMPANY INC

Borrower Address

401 SAINT JEAN ST

Borrower City

DETROIT

Borrower State

MI

Borrower Zip

48214

Loan Status Date

Loan Status

Exemption 4

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

584187.00

Current Approval Amount

584187.00

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

48214-0001

CD

MI-13

Jobs Reported

89

NAICS Code

485510

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

584187.00

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

229326.95

Forgiveness Date

04/20/2023

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