PPP Loan information for Rayco industries, inc.

$371,000

Rayco industries, inc. was initially approved for PPP Loan of amount $371,000, the current approved amount is $371,000. The loan was approved on 04/29/2020 by The United Bank reported 39 jobs and $371,000 was used to fund payroll.

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

PPP Loan Search / VA / RICHMOND / Rayco industries, inc.

RAYCO INDUSTRIES, INC.

Date Approved

04/29/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

RAYCO INDUSTRIES, INC.

Borrower Address

1502 VALLEY RD

Borrower City

RICHMOND

Borrower State

VA

Borrower Zip

23222-5407

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

371000.00

Current Approval Amount

371000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RICHMOND

Project County Name

RICHMOND CITY

Project State

VA

Project Zip

23222-5407

CD

VA-04

Jobs Reported

39

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

353658.00

Mortgage Interest Proceed

0.00

Rent Proceed

17342.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

373782.50

Forgiveness Date

02/02/2021

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