# PPP loan: RAYCON INCORPORATED
> **$164K** approved 05/02/2020 · Paid in Full · Loan `9767867306`
## Borrower
- **Name:** RAYCON INCORPORATED
- **Address:** 2224 R Street Northwest, Washington, DC, 20008
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Jobs reported:** 12
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*