# PPP loan: THE RAY ROOFING COMPANY INC.
> **$293K** approved 02/06/2021 · Paid in Full · Loan `4370048400`
## Borrower
- **Name:** THE RAY ROOFING COMPANY INC.
- **Address:** 4221 Golf Acres Dr, Charlotte, NC, 28208-5862
- **NAICS:** 238160
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $295K (100%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $293K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*