# PPP loan: ROY'S WOOD PRODUCTS, INC
> **$532K** approved 04/06/2020 · Paid in Full · Loan `5695897001`
## Borrower
- **Name:** ROY'S WOOD PRODUCTS, INC
- **Address:** 329 Thrush Lane, LUGOFF, SC, 29078-9060
- **NAICS:** 321999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $532K
- **Initial approval:** $532K
- **Forgiven:** $537K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Rent:** $7K
- **Mortgage interest:** $50K
- **Utilities:** $50K
- **Jobs reported:** 63
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*