# PPP loan: J. Y. RAYS INC.
> **$188K** approved 04/08/2021 · Paid in Full · Loan `8700748705`
## Borrower
- **Name:** J. Y. RAYS INC.
- **Address:** 2023 Chico Ave, South El Monte, CA, 91733-1604
- **NAICS:** 424330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $191K (102%)
- **Forgiveness date:** 10/20/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $188K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** CTBC Bank Corp. (USA).
- **Servicing:** CTBC Bank Corp. (USA). (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*