# PPP loan: ROYAL FOUNDATIONS INC
> **$646K** approved 04/10/2020 · Paid in Full · Loan `1467747100`
## Borrower
- **Name:** ROYAL FOUNDATIONS INC
- **Address:** 14186 MADISON RUN RD, GORDONSVILLE, VA, 22942-8604
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $646K
- **Initial approval:** $646K
- **Forgiven:** $649K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $595K
- **Rent:** $22K
- **Utilities:** $1K
- **Jobs reported:** 50
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*