# PPP loan: RAYCO MACHINE AND ENGINEERING GROUP INC.
> **$175K** approved 06/05/2020 · Paid in Full · Loan `8223737800`
## Borrower
- **Name:** RAYCO MACHINE AND ENGINEERING GROUP INC.
- **Address:** 970 Western Drive, INDIANAPOLIS, IN, 46241-1435
- **NAICS:** 332311
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 18
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*