# PPP loan: RAY'S METAL WORKS, INC
> **$2.39M** approved 04/13/2020 · Paid in Full · Loan `5682517102`
## Borrower
- **Name:** RAY'S METAL WORKS, INC
- **Address:** 6409 NW 123rd Pl, Gainesville, FL, 32653-1093
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.39M
- **Initial approval:** $2.39M
- **Forgiven:** $2.41M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.39M
- **Jobs reported:** 140
## Lender
- **Originating:** Capital City Bank
- **Servicing:** Capital City Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*