# PPP loan: ROYAL HOMES INC.
> **$406K** approved 04/28/2020 · Paid in Full · Loan `6975577205`
## Borrower
- **Name:** ROYAL HOMES INC.
- **Address:** 3113 Aspen Ave., Henrico, VA, 23228
- **NAICS:** 238160
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $406K
- **Jobs reported:** 40
## Lender
- **Originating:** First-Citizens Bank & 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*