# PPP loan: RAY FARMERS UNION ELEVATOR
> **$262K** approved 04/08/2020 · Paid in Full · Loan `7922767008`
## Borrower
- **Name:** RAY FARMERS UNION ELEVATOR
- **Address:** 11445 US-2, RAY, ND, 58849-0128
- **NAICS:** 424510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 15
## Lender
- **Originating:** First State Bank & Trust
- **Servicing:** First State Bank & Trust (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*