# PPP loan: JL RAY COMPANY INC
> **$389K** approved 04/05/2020 · Paid in Full · Loan `5073657005`
## Borrower
- **Name:** JL RAY COMPANY INC
- **Address:** 1447 N El Camino Real, SAN CLEMENTE, CA, 92672-5955
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $14K
- **Jobs reported:** 50
## Lender
- **Originating:** Five Star Bank
- **Servicing:** Five Star Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*