# PPP loan: ROYAL ALUMINUM CO., INC
> **$514K** approved 04/16/2020 · Paid in Full · Loan `2880747207`
## Borrower
- **Name:** ROYAL ALUMINUM CO., INC
- **Address:** 620 MARKET ST, NEWARK, NJ, 07105-3614
- **NAICS:** 331524
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $514K
- **Initial approval:** $514K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $514K
- **Jobs reported:** 84
## Lender
- **Originating:** Peapack-Gladstone 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*