# PPP loan: ROYAL SPA CORPORATION
> **$541K** approved 04/07/2020 · Paid in Full · Loan `7582017009`
## Borrower
- **Name:** ROYAL SPA CORPORATION
- **Address:** 2041 W EPLER AVE, INDIANAPOLIS, IN, 46217-9695
- **NAICS:** 326191
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $541K
- **Initial approval:** $541K
- **Forgiven:** $547K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $541K
- **Jobs reported:** 47
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*