# PPP loan: RAY WHITE LUMBER COMPANY
> **$567K** approved 04/07/2020 · Paid in Full · Loan `6890947003`
## Borrower
- **Name:** RAY WHITE LUMBER COMPANY
- **Address:** 318 North Commerce Ave, SPARKMAN, AR, 71763-8800
- **NAICS:** 321113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $567K
- **Forgiven:** $571K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $567K
- **Jobs reported:** 85
## Lender
- **Originating:** FBT Bank and Mortgage
- **Servicing:** FBT Bank and Mortgage (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*