# PPP loan: RAYTEC LLC
> **$592K** approved 04/27/2020 · Paid in Full · Loan `4162037200`
## Borrower
- **Name:** RAYTEC LLC
- **Address:** 544 GRISTMILL RD, EPHRATA, PA, 17522-9323
- **NAICS:** 332510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $592K
- **Initial approval:** $592K
- **Forgiven:** $598K (101%)
- **Forgiveness date:** 05/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $592K
- **Jobs reported:** 46
## Lender
- **Originating:** The Ephrata National Bank
- **Servicing:** The Ephrata National Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*