# PPP loan: ROYAL NEWS CORP. DBA ROYAL MEDIA GROUP O R  AUTO FINANCE
> **$535K** approved 04/16/2020 · Paid in Full · Loan `2842287210`
## Borrower
- **Name:** ROYAL NEWS CORP. DBA ROYAL MEDIA GROUP O R  AUTO FINANCE
- **Address:** 8 W 38TH ST STE 901, NEW YORK, NY, 10018
- **NAICS:** 511120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $535K
- **Initial approval:** $535K
- **Forgiven:** $542K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $421K
- **Rent:** $31K
- **Utilities:** $2K
- **Health care:** $77K
- **Debt interest:** $4K
- **Jobs reported:** 37
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*