# PPP loan: RAYSTEEL, INC.
> **$306K** approved 04/13/2020 · Paid in Full · Loan `4440317104`
## Borrower
- **Name:** RAYSTEEL, INC.
- **Address:** 8815 2nd Street NW, Albuquerque, NM, 87114-1655
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $308K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $306K
- **Jobs reported:** 26
## Lender
- **Originating:** Sandia Laboratory FCU
- **Servicing:** Sandia Laboratory FCU (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*