# PPP loan: RAY STONE INC
> **$1.52M** approved 04/16/2020 · Paid in Full · Loan `2886067205`
## Borrower
- **Name:** RAY STONE INC
- **Address:** 550 Howe Ave. Ste 100, SACRAMENTO, CA, 95825
- **NAICS:** 531312
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.52M
- **Jobs reported:** 163
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*