# PPP loan: ROYAL LINES INC.
> **$450K** approved 05/01/2020 · Charged Off · Loan `3032147707`
## Borrower
- **Name:** ROYAL LINES INC.
- **Address:** 15419 E 127TH ST UNIT C, LEMONT, IL, 60439
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $411K
- **Rent:** $4K
- **Utilities:** $5K
- **Debt interest:** $30K
- **Jobs reported:** 35
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*