# PPP loan: ROYAL RENTS INC
> **$167K** approved 04/15/2020 · Paid in Full · Loan `9819477103`
## Borrower
- **Name:** ROYAL RENTS INC
- **Address:** 3018 LAKEWOOD DR STE A, PHENIX CITY, AL, 36867-2455
- **NAICS:** 442110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Utilities:** $24K
- **Health care:** $3K
- **Jobs reported:** 24
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*