# PPP loan: RAY OF HOPE, INC.
> **$685K** approved 04/15/2020 · Paid in Full · Loan `1965537208`
## Borrower
- **Name:** RAY OF HOPE, INC.
- **Address:** 163 N Mechanic Street, CUMBERLAND, MD, 21502
- **NAICS:** 621330
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $685K
- **Initial approval:** $685K
- **Forgiven:** $691K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $685K
- **Jobs reported:** 94
## Lender
- **Originating:** First United Bank & Trust
- **Servicing:** First United Bank & Trust (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*