# PPP loan: RAY FARIS, INC.
> **$555K** approved 04/15/2020 · Paid in Full · Loan `9268247107`
## Borrower
- **Name:** RAY FARIS, INC.
- **Address:** 15591 CAPITAL PRT, SAN ANTONIO, TX, 78249-1307
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $555K
- **Initial approval:** $555K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 23 months
## Use of funds
- **Payroll:** $555K
- **Jobs reported:** 45
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*