# PPP loan: RAYO WHOLESALE, INC
> **$420K** approved 04/30/2020 · Exemption 4 · Loan `7264237304`
## Borrower
- **Name:** RAYO WHOLESALE, INC
- **Address:** 11495 Woodside Ave, Santee, CA, 92071
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $349K (83%)
- **Forgiveness date:** 12/21/2020
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Jobs reported:** 46
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*