# PPP loan: RAY SAGAN AND SONS  INC.
> **$284K** approved 03/25/2021 · Paid in Full · Loan `9297898610`
## Borrower
- **Name:** RAY SAGAN AND SONS  INC.
- **Address:** 401 Bonnie Ln, Elk Grove Village, IL, 60007-1907
- **NAICS:** 484230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $284K
- **Initial approval:** $284K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $284K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*