# PPP loan: ROYAL FURNITURE COMPANY
> **$2.38M** approved 04/13/2020 · Paid in Full · Loan `4529587100`
## Borrower
- **Name:** ROYAL FURNITURE COMPANY
- **Address:** 122 S MAIN ST, MEMPHIS, TN, 38103-3621
- **NAICS:** 442110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.38M
- **Initial approval:** $2.38M
- **Forgiven:** $2.41M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.38M
- **Jobs reported:** 202
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*