# PPP loan: RAY FARMS, INC
> **$275K** approved 05/06/2020 · Paid in Full · Loan `2920257404`
## Borrower
- **Name:** RAY FARMS, INC
- **Address:** 2088 OLD HIGHWAY 250, GLENNVILLE, GA, 30427-7831
- **NAICS:** 111219
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 70
## Lender
- **Originating:** Glennville Bank
- **Servicing:** Glennville Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*