# PPP loan: RAYNOR MFG. CO.
> **$6.51M** approved 04/08/2020 · Paid in Full · Loan `7830457001`
## Borrower
- **Name:** RAYNOR MFG. CO.
- **Address:** 1101 E River Rd, DIXON, IL, 61021-3252
- **NAICS:** 332321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.51M
- **Initial approval:** $6.51M
- **Forgiven:** $6.60M (101%)
- **Forgiveness date:** 09/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.51M
- **Jobs reported:** 476
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*