# PPP loan: ROYAL AUTOMOTIVE, INC
> **$1.09M** approved 04/07/2020 · Paid in Full · Loan `6549817006`
## Borrower
- **Name:** ROYAL AUTOMOTIVE, INC
- **Address:** 3010 Columbiana Road, BIRMINGHAM, AL, 35216-3507
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $816K
- **Rent:** $272K
- **Jobs reported:** 117
## Lender
- **Originating:** CB&S Bank
- **Servicing:** CB&S Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*