# PPP loan: ROYALE INC.
> **$338K** approved 04/07/2020 · Paid in Full · Loan `6992877007`
## Borrower
- **Name:** ROYALE INC.
- **Address:** 58629 Wolverine St, CALUMET, MI, 49913-6934
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $340K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $297K
- **Rent:** $27K
- **Utilities:** $11K
- **Debt interest:** $3K
- **Jobs reported:** 26
## Lender
- **Originating:** Superior National Bank
- **Servicing:** Superior National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*