# PPP loan: ROYAL APPAREL INC.
> **$336K** approved 05/18/2020 · Paid in Full · Loan `8413327404`
## Borrower
- **Name:** ROYAL APPAREL INC.
- **Address:** 4331 BALDWIN AVE, EL MONTE, CA, 91731-1103
- **NAICS:** 315990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $336K
- **Initial approval:** $336K
- **Forgiven:** $338K (100%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $336K
- **Jobs reported:** 40
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*