PPP Loan information for Ray motor company incorporated

$480,499

Ray motor company incorporated was initially approved for PPP Loan of amount $480,499, the current approved amount is $480,499. The loan was approved on 04/15/2020 by The Bank of America, National Association reported 37 jobs and $480,499 was used to fund payroll.

Ray motor company incorporated is Unanswered

PPP Loan Search / NC / HILLSBOROUGH / Ray motor company incorporated

RAY MOTOR COMPANY INCORPORATED

Date Approved

04/15/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

RAY MOTOR COMPANY INCORPORATED

Borrower Address

350 Churton St

Borrower City

HILLSBOROUGH

Borrower State

NC

Borrower Zip

27278-2509

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

480499.00

Current Approval Amount

480499.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

HILLSBOROUGH

Project County Name

ORANGE

Project State

NC

Project Zip

27278-2509

CD

NC-04

Jobs Reported

37

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

480499.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

485975.37

Forgiveness Date

06/11/2021

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