# PPP loan: RAY AMERICA INC.
> **$182K** approved 05/01/2020 · Paid in Full · Loan `2756567705`
## Borrower
- **Name:** RAY AMERICA INC.
- **Address:** 725 River Rd. Ste 118, EDGEWATER, NJ, 07020
- **NAICS:** 423450
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $185K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $19K
- **Health care:** $23K
- **Jobs reported:** 190
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*