# PPP loan: ROYAL RASP INC.
> **$180K** approved 03/29/2021 · Paid in Full · Loan `2532938706`
## Borrower
- **Name:** ROYAL RASP INC.
- **Address:** 72 S Royal St, Mobile, AL, 36602-3204
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $108K (60%)
- **Forgiveness date:** 07/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $180K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Bryant Bank
- **Servicing:** Bryant Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*