# PPP loan: KINGRAY INC.
> **$488K** approved 02/18/2021 · Paid in Full · Loan `1310508510`
## Borrower
- **Name:** KINGRAY INC.
- **Address:** 78483 Highway 111, La Quinta, CA, 92253-2076
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $488K
- **Forgiven:** $492K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $488K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*