Date Approved
05/12/2021
SBA Office Code
0459
Processing Method
PPP
Borrower Name
RAYCO MANAGEMENT INC
Borrower Address
1800 Ford Rd
Borrower City
Muscle Shoals
Borrower State
AL
Borrower Zip
35661-1136
Loan Status Date
05/20/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
75927.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
68917
Servicing Lender Name
Wayne County Bank
Servicing Lender Address
216 S High St
Servicing Lender City
WAYNESBORO
Servicing Lender State
TN
Servicing Lender Zip
38485-2616
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
COLBERT
Project State
Project Zip
CD
AL-04
Jobs Reported
17
NAICS Code
238990
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
75924.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
76553.14
Forgiveness Date
03/14/2022