# PPP loan: ROYAL BIOLOGICS, INC.
> **$180K** approved 04/07/2020 · Paid in Full · Loan `7522387002`
## Borrower
- **Name:** ROYAL BIOLOGICS, INC.
- **Address:** 401 Hackensack Ave Suite 604, HACKENSACK, NJ, 07601-5465
- **NAICS:** 541690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 12/07/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 12
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*