# PPP loan: RAY'S PRODUCE INC
> **$559K** approved 05/02/2020 · Paid in Full · Loan `9531117308`
## Borrower
- **Name:** RAY'S PRODUCE INC
- **Address:** 3011 SILVERTON RD NE, SALEM, OR, 97301
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $559K
- **Initial approval:** $559K
- **Forgiven:** $567K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $559K
- **Jobs reported:** 88
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*