Royal Automotive, INC

$1,088,652 PPP Loan in Birmingham, Alabama

Loan Details

Loan Number
6549817006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,088,652
Current Approval
$1,088,652
Forgiveness Amount
$1,098,178
Forgiveness Date
Feb 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Royal Automotive, INC
Address
3010 Columbiana Road
State
Alabama
ZIP Code
35216-3507
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
117
Estimated Revenue
$29.5M
Rural/Urban
Urban
Congressional District
AL-06

Loan Use Breakdown

Payroll
$816,489
Rent
$272,163

Lender Information

Servicing Lender
Cb&s Bank
Originating Lender
Cb&s Bank

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