# PPP loan: RAYSWAY, INC.
> **$1.17M** approved 04/07/2020 · Paid in Full · Loan `6481967008`
## Borrower
- **Name:** RAYSWAY, INC.
- **Address:** 642 Pope Ave NW, WINTER HAVEN, FL, 33881-4665
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $875K
- **Rent:** $97K
- **Mortgage interest:** $97K
- **Utilities:** $97K
- **Jobs reported:** 445
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*