# PPP loan: RAYMOND DISTRIBUTING, INC.
> **$193K** approved 04/29/2020 · Paid in Full · Loan `3510057307`
## Borrower
- **Name:** RAYMOND DISTRIBUTING, INC.
- **Address:** 4218 CORONADO AVE, STOCKTON, CA, 95204
- **NAICS:** 424820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $145K
- **Rent:** $24K
- **Utilities:** $24K
- **Jobs reported:** 23
## Lender
- **Originating:** Bank of Stockton
- **Servicing:** Bank of Stockton (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*