# PPP loan: ROYAL TRUCK AND EQUIPMENT INC
> **$776K** approved 02/24/2021 · Paid in Full · Loan `3755448507`
## Borrower
- **Name:** ROYAL TRUCK AND EQUIPMENT INC
- **Address:** 6910 N Route 309 6910 N Route 309, Coopersburg, PA, 18036-1131
- **NAICS:** 336120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $776K
- **Initial approval:** $776K
- **Forgiven:** $783K (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $776K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*