# PPP loan: ROYAL AUTO WORKS INC
> **$297K** approved 04/09/2020 · Paid in Full · Loan `9476547010`
## Borrower
- **Name:** ROYAL AUTO WORKS INC
- **Address:** 706 N ROYAL AVE, FRONT ROYAL, VA, 22630-2716
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $404K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $297K
- **Jobs reported:** 24
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*