# PPP loan: ROYAL EXPRESS, INC.
> **$1.51M** approved 04/05/2020 · Paid in Full · Loan `5221507009`
## Borrower
- **Name:** ROYAL EXPRESS, INC.
- **Address:** 12125 J E F DR, LAREDO, TX, 78045-1834
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.51M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.32M
- **Rent:** $168K
- **Utilities:** $26K
- **Jobs reported:** 187
## Lender
- **Originating:** Vantage Bank Texas
- **Servicing:** Vantage Bank Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*