# PPP loan: RAYON REDEVELOPMENT INC
> **$231K** approved 02/08/2021 · Paid in Full · Loan `5255908408`
## Borrower
- **Name:** RAYON REDEVELOPMENT INC
- **Address:** 101 4th St, Des Moines, IA, 50309-4741
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $231K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** West Bank
- **Servicing:** West Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*