# PPP loan: ROYAL ELECTRIC SUPPLY COMPANY
> **$293K** approved 04/13/2020 · Paid in Full · Loan `5071787103`
## 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:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $293K
- **Jobs reported:** 20
## Lender
- **Originating:** Firstrust Savings Bank
- **Servicing:** Firstrust Savings Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*