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
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

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