# PPP loan: THE ROYAL OAK BREWING CO.
> **$289K** approved 01/16/2021 · Paid in Full · Loan `1099368302`
## Borrower
- **Name:** THE ROYAL OAK BREWING CO.
- **Address:** 215 E 4th St, Royal Oak, MI, 48067-2606
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $289K
- **Initial approval:** $289K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $289K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Mi Bank
- **Servicing:** Mi Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*