PPP Loan information for Ray of hope, inc.

$685,200

Ray of hope, inc. was initially approved for PPP Loan of amount $685,200, the current approved amount is $685,200. The loan was approved on 04/15/2020 by The First United Bank & Trust reported 94 jobs and $685,200 was used to fund payroll.

Ray of hope, inc. is Existing or more than 2 years old

PPP Loan Search / MD / CUMBERLAND / Ray of hope, inc.

RAY OF HOPE, INC.

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

RAY OF HOPE, INC.

Borrower Address

163 N Mechanic Street

Borrower City

CUMBERLAND

Borrower State

MD

Borrower Zip

21502

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

685200.00

Current Approval Amount

685200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30767

Servicing Lender Name

First United Bank & Trust

Servicing Lender Address

19 S 2nd St

Servicing Lender City

OAKLAND

Servicing Lender State

MD

Servicing Lender Zip

21550-1517

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CUMBERLAND

Project County Name

ALLEGANY

Project State

MD

Project Zip

21502-0001

CD

MD-06

Jobs Reported

94

NAICS Code

621330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

685200.00

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

Non-Profit Organization

Originating Lender Location Id

30767

Originating Lender

First United Bank & Trust

Originating Lender City

OAKLAND

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

691005.17

Forgiveness Date

02/23/2021

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