# PPP loan: EDWARD LYNN RAYE
> **$254K** approved 02/10/2021 · Paid in Full · Loan `6363328402`
## Borrower
- **Name:** EDWARD LYNN RAYE
- **Address:** 5035 Hwy 74 East, Wingate, NC, 28174
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $255K (100%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 20
## Lender
- **Originating:** American Bank of the Carolinas d/b/a American Bank
- **Servicing:** American Bank of the Carolinas d/b/a American Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*