# PPP loan: J.T. RAY COMPANY, INC.
> **$379K** approved 04/08/2020 · Paid in Full · Loan `8514457004`
## Borrower
- **Name:** J.T. RAY COMPANY, INC.
- **Address:** 4127 Helton Dr, FLORENCE, AL, 35630-6207
- **NAICS:** 454390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $379K
- **Initial approval:** $379K
- **Forgiven:** $381K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $284K
- **Health care:** $95K
- **Jobs reported:** 24
## Lender
- **Originating:** First Southern Bank
- **Servicing:** First Southern Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*