# PPP loan: THE RAYLE ELECTRIC MEMBERSHIP CORPORTATION
> **$726K** approved 07/29/2020 · Paid in Full · Loan `1107338207`
## Borrower
- **Name:** THE RAYLE ELECTRIC MEMBERSHIP CORPORTATION
- **Address:** 616 Lexington Avenue, Washington, GA, 30673
- **NAICS:** 221122
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $726K
- **Initial approval:** $726K
- **Forgiven:** $728K (100%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $726K
- **Jobs reported:** 57
## Lender
- **Originating:** F&M Bank
- **Servicing:** F&M Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*