# PPP loan: ROYAL ELECTRIC SUPPLY COMPANY
> **$293K** approved 04/14/2021 · Paid in Full · Loan `3121398808`
## Borrower
- **Name:** ROYAL ELECTRIC SUPPLY COMPANY
- **Address:** 3233 W Hunting Park Ave, Philadelphia, PA, 19132-1845
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $293K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Firstrust Savings Bank
- **Servicing:** Firstrust Savings Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*