# PPP loan: RAYL ENTERPRISES, INC.
> **$204K** approved 02/09/2021 · Paid in Full · Loan `5638488410`
## Borrower
- **Name:** RAYL ENTERPRISES, INC.
- **Address:** 4251 FM 2181 Ste 230-517, Corinth, TX, 76210-4219
- **NAICS:** 621420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $205K (100%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $204K
- **Jobs reported:** 24
## Lender
- **Originating:** Pointbank
- **Servicing:** Pointbank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*