# PPP loan: MON-RAY, INC.
> **$567K** approved 04/07/2020 · Paid in Full · Loan `6663927008`
## Borrower
- **Name:** MON-RAY, INC.
- **Address:** 7900 Excelsior Blvd. Suite 140, HOPKINS, MN, 55343-2600
- **NAICS:** 332321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $603K
- **Forgiven:** $520K (92%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $567K
- **Jobs reported:** 61
## Lender
- **Originating:** Home Federal Savings Bank
- **Servicing:** Home Federal Savings Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*