# PPP loan: ROYAL TEXTILE MILLS, INC.
> **$371K** approved 04/13/2020 · Paid in Full · Loan `5398737101`
## Borrower
- **Name:** ROYAL TEXTILE MILLS, INC.
- **Address:** 929 Firetower Rd., YANCEYVILLE, NC, 27379-9381
- **NAICS:** 314999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $370K (100%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Mortgage interest:** $9K
- **Utilities:** $11K
- **Jobs reported:** 55
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*