PPP Loan information for Rayco electric inc.

$416,260

Rayco electric inc. was initially approved for PPP Loan of amount $416,260, the current approved amount is $416,260. The loan was approved on 03/15/2021 by The Truist Bank reported 41 jobs and $416,260 was used to fund payroll.

Rayco electric inc. is Existing or more than 2 years old

PPP Loan Search / FL / Bradenton / Rayco electric inc.

RAYCO ELECTRIC INC.

Date Approved

03/15/2021

SBA Office Code

0455

Processing Method

PPS

Borrower Name

RAYCO ELECTRIC INC.

Borrower Address

603 18th Ave W

Borrower City

Bradenton

Borrower State

FL

Borrower Zip

34205-8323

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

416260.00

Current Approval Amount

416260.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bradenton

Project County Name

MANATEE

Project State

FL

Project Zip

34205-8323

CD

FL-16

Jobs Reported

41

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

416259.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

419347.26

Forgiveness Date

12/16/2021

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