# PPP loan: ELRAY MANUFACTURING COMPANY
> **$396K** approved 04/14/2020 · Paid in Full · Loan `7377737101`
## Borrower
- **Name:** ELRAY MANUFACTURING COMPANY
- **Address:** 17 Liberty Street, GLASSBORO, NJ, 08028
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Jobs reported:** 57
## Lender
- **Originating:** The First National Bank of Elmer
- **Servicing:** The First National Bank of Elmer (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*