# PPP loan: ROYCE APPAREL, INC
> **$475K** approved 04/14/2020 · Paid in Full · Loan `6583257106`
## Borrower
- **Name:** ROYCE APPAREL, INC
- **Address:** 408 Long Meadow, SALISBURY, NC, 28147-8201
- **NAICS:** 424320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $391K
- **Rent:** $53K
- **Utilities:** $8K
- **Health care:** $18K
- **Debt interest:** $5K
- **Jobs reported:** 71
## Lender
- **Originating:** OneWest Bank, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*