# PPP loan: ROYAL MANAGEMENT COMPANY, INC
> **$183K** approved 04/06/2020 · Paid in Full · Loan `5869837006`
## Borrower
- **Name:** ROYAL MANAGEMENT COMPANY, INC
- **Address:** 6420 HILLCREST PARK CT, MOBILE, AL, 36695-2688
- **NAICS:** 531311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $137K
- **Rent:** $9K
- **Mortgage interest:** $9K
- **Utilities:** $9K
- **Health care:** $9K
- **Debt interest:** $9K
- **Jobs reported:** 21
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*