# PPP loan: ROYAL TRUCKING COMPANY
> **$3.47M** approved 04/07/2020 · Paid in Full · Loan `7465467005`
## Borrower
- **Name:** ROYAL TRUCKING COMPANY
- **Address:** 1312 INDUSTRIAL ACCESS RD, WEST POINT, MS, 39773-2385
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.47M
- **Initial approval:** $3.47M
- **Forgiven:** $2.90M (84%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.87M
- **Rent:** $339K
- **Mortgage interest:** $209K
- **Utilities:** $52K
- **Jobs reported:** 246
## Lender
- **Originating:** The Bank of Vernon
- **Servicing:** The Bank of Vernon (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*