# PPP loan: ROYAL PLUS INC.
> **$1.05M** approved 02/01/2021 · Paid in Full · Loan `1241168401`
## Borrower
- **Name:** ROYAL PLUS INC.
- **Address:** 201 Belt St, Snow Hill, MD, 21863-1366
- **NAICS:** 562910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 06/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.05M
- **Jobs reported:** 92
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*