Royal Motor Sales, Inc.
$694,200 PPP Loan in Mount Vernon, Indiana
Loan Details
- Loan Number
- 5292167207
- Date Approved
- Apr 27, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $694,200
- Current Approval
- $694,200
- Forgiveness Amount
- $702,816
- Forgiveness Date
- Jul 29, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Royal Motor Sales, Inc.
- Address
- 4000 Highway 62 E
- City
- Mount Vernon
- State
- Indiana
- ZIP Code
- 47620-6996
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 61
- Estimated Revenue
- $15.4M
- Rural/Urban
- Rural
- Congressional District
- IN-08
Loan Use Breakdown
- Payroll
- $694,200
Lender Information
- Servicing Lender
- Bmo Bank National Association
- Originating Lender
- Bmo Bank National Association
Other PPP Loans in Mount Vernon, IN
| Business | Approved | |
|---|---|---|
| Countrymark Refining & Logistics LLC | $10,000,000 | |
| Posey County LLC | $1,824,000 | |
| Quality Execution, Inc. | $1,744,400 | |
| Quality Execution INC | $1,614,728 | |
| Posey County LLC | $1,529,085 |
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