# PPP loan: ROYALS CONTRACING INC
> **$631K** approved 04/14/2020 · Paid in Full · Loan `6493047109`
## Borrower
- **Name:** ROYALS CONTRACING INC
- **Address:** PO Box 91359, RALEIGH, NC, 27609
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $631K
- **Initial approval:** $686K
- **Forgiven:** $637K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $631K
- **Jobs reported:** 44
## Lender
- **Originating:** North State Bank
- **Servicing:** North State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*