# PPP loan: ROYAL SIGN CO INC
> **$419K** approved 04/15/2020 · Paid in Full · Loan `9616877105`
## Borrower
- **Name:** ROYAL SIGN CO INC
- **Address:** 2631 N 31ST AVE, PHOENIX, AZ, 85009-1522
- **NAICS:** 339950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $419K
- **Initial approval:** $419K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $314K
- **Mortgage interest:** $52K
- **Utilities:** $52K
- **Jobs reported:** 34
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*