PPP Loan information for Rayco industrial, inc.

$1,900,000

Rayco industrial, inc. was initially approved for PPP Loan of amount $2,736,195, the current approved amount is $1,900,000. The loan was approved on 04/10/2020 by The First Cahawba Bank reported 182 jobs and $1,900,000 was used to fund payroll.

Rayco industrial, inc. is Existing or more than 2 years old

PPP Loan Search / AL / SELMA / Rayco industrial, inc.

RAYCO INDUSTRIAL, INC.

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

RAYCO INDUSTRIAL, INC.

Borrower Address

3810 AL HIGHWAY 41

Borrower City

SELMA

Borrower State

AL

Borrower Zip

36701-7899

Loan Status Date

03/26/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2736195.00

Current Approval Amount

1900000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

450245

Servicing Lender Name

First Cahawba Bank

Servicing Lender Address

2610 Citizens Pkwy

Servicing Lender City

SELMA

Servicing Lender State

AL

Servicing Lender Zip

36701-4037

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SELMA

Project County Name

DALLAS

Project State

AL

Project Zip

36701-7899

CD

AL-07

Jobs Reported

182

NAICS Code

238290

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1900000.00

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

450245

Originating Lender

First Cahawba Bank

Originating Lender City

SELMA

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1918683.33

Forgiveness Date

03/31/2021

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