# PPP loan: ROYAL TRUCK AND TRAILER SALES & SERVICE INC.
> **$2.03M** approved 04/07/2020 · Paid in Full · Loan `7517137003`
## Borrower
- **Name:** ROYAL TRUCK AND TRAILER SALES & SERVICE INC.
- **Address:** 28930 S WIXOM RD, WIXOM, MI, 48393-3416
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.03M
- **Initial approval:** $2.03M
- **Forgiven:** $2.05M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.03M
- **Jobs reported:** 150
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*