# PPP loan: ROYAL BRASS, INC.
> **$2.63M** approved 04/08/2020 · Paid in Full · Loan `7794177002`
## Borrower
- **Name:** ROYAL BRASS, INC.
- **Address:** 1470 Amherst Road, KNOXVILLE, TN, 37909-1201
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.63M
- **Initial approval:** $2.63M
- **Forgiven:** $2.66M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 23 months
## Use of funds
- **Payroll:** $2.22M
- **Rent:** $250K
- **Utilities:** $50K
- **Debt interest:** $110K
- **Jobs reported:** 240
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*