# PPP loan: RAY BLACK & SON INC.
> **$671K** approved 04/08/2020 · Paid in Full · Loan `8024787006`
## Borrower
- **Name:** RAY BLACK & SON INC.
- **Address:** 348 South 31ST ST, PADUCAH, KY, 42001-4358
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $671K
- **Initial approval:** $671K
- **Forgiven:** $675K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $671K
- **Jobs reported:** 38
## Lender
- **Originating:** Independence Bank of Kentucky
- **Servicing:** Independence Bank of Kentucky (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*