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Rayco Industrial, Inc.

$2,736,195 PPP Loan in Selma, Alabama

Loan Details

Loan Number
1842847109
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$2,736,195
Current Approval
$1,900,000
Forgiveness Amount
$1,918,683
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rayco Industrial, Inc.
Address
3810 Al Highway 41
City
Selma
State
Alabama
ZIP Code
36701-7899
Business Type
Corporation
Industry (NAICS)
Construction (238290)
Business Age
Existing or more than 2 years old
Jobs Reported
182
Estimated Revenue
$58.1M
Rural/Urban
Rural
Congressional District
AL-07

Loan Use Breakdown

Payroll
$1,900,000

Lender Information

Servicing Lender
First Cahawba Bank
Originating Lender
First Cahawba Bank

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