# PPP loan: ROYAL DISTRIBUTORS LLC
> **$156K** approved 03/16/2021 · Paid in Full · Loan `3232828602`
## Borrower
- **Name:** ROYAL DISTRIBUTORS LLC
- **Address:** 50 Maltese Dr, Totowa, NJ, 07512-1403
- **NAICS:** 424410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $158K (102%)
- **Forgiveness date:** 09/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*