# PPP loan: ROYAL T ENERGY LLC
> **$482K** approved 02/16/2021 · Exemption 4 · Loan `9118018403`
## Borrower
- **Name:** ROYAL T ENERGY LLC
- **Address:** 435 COUNTY ROAD 420, PECOS, TX, 79772
- **NAICS:** 481212
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $482K
- **Initial approval:** $482K
- **Forgiven:** $324K (67%)
- **Forgiveness date:** 03/03/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $482K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*