PPP Loan information for Ray-mac, inc.

$1,142,500

Ray-mac, inc. was initially approved for PPP Loan of amount $1,142,500, the current approved amount is $1,142,500. The loan was approved on 04/14/2020 by The Stock Growers Bank reported 93 jobs and $1,142,500 was used to fund payroll.

Ray-mac, inc. is Existing or more than 2 years old

PPP Loan Search / ND / GWINNER / Ray-mac, inc.

RAY-MAC, INC.

Date Approved

04/14/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

RAY-MAC, INC.

Borrower Address

15 WHY 13 E

Borrower City

GWINNER

Borrower State

ND

Borrower Zip

58040-0026

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1142500.00

Current Approval Amount

1142500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52781

Servicing Lender Name

Stock Growers Bank

Servicing Lender Address

331 Main St

Servicing Lender City

FORMAN

Servicing Lender State

ND

Servicing Lender Zip

58032

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GWINNER

Project County Name

SARGENT

Project State

ND

Project Zip

58040-0026

CD

ND-

Jobs Reported

93

NAICS Code

332812

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

285625.00

Payroll Proceed

856875.00

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

52781

Originating Lender

Stock Growers Bank

Originating Lender City

FORMAN

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1148878.96

Forgiveness Date

11/03/2020

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