Royale Construction INC

$400,900 PPP Loan in Bowie, Maryland

Loan Details

Loan Number
9872207102
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$400,900
Current Approval
$400,900
Forgiveness Amount
$404,041
Forgiveness Date
Feb 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Royale Construction INC
Address
8410 Zug Road
City
Bowie
ZIP Code
20715
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237310)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
$10.2M
Rural/Urban
Urban
Congressional District
MD-05

Loan Use Breakdown

Payroll
$368,700
Rent
$6,000
Utilities
$3,700
Health Care
$20,000
Debt Interest
$2,500

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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