# PPP loan: ROYAL ENGINEERED COMPOSITES, INC
> **$2.74M** approved 04/03/2020 · Paid in Full · Loan `4589047006`
## Borrower
- **Name:** ROYAL ENGINEERED COMPOSITES, INC
- **Address:** 1046 E. 9th Street, MINDEN, NE, 68959-2439
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.74M
- **Initial approval:** $2.74M
- **Forgiven:** $2.77M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.74M
- **Jobs reported:** 250
## Lender
- **Originating:** Five Points Bank
- **Servicing:** Five Points Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*