# PPP loan: ROYELL MANUFACTURING INC.
> **$2.97M** approved 04/09/2020 · Paid in Full · Loan `9985477000`
## Borrower
- **Name:** ROYELL MANUFACTURING INC.
- **Address:** 3817 SMITH AVE, EVERETT, WA, 98201-4547
- **NAICS:** 336413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.97M
- **Initial approval:** $2.97M
- **Forgiven:** $3.01M (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.37M
- **Rent:** $211K
- **Utilities:** $67K
- **Health care:** $255K
- **Debt interest:** $65K
- **Jobs reported:** 190
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*