# PPP loan: ROYAL MOTOR SALES, INC.
> **$694K** approved 04/27/2020 · Paid in Full · Loan `5292167207`
## Borrower
- **Name:** ROYAL MOTOR SALES, INC.
- **Address:** 4000 HIGHWAY 62 E, MOUNT VERNON, IN, 47620-6996
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $703K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $694K
- **Jobs reported:** 61
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*