# PPP loan: RAYCO DEVELOPMENT, INC.
> **$217K** approved 01/30/2021 · Paid in Full · Loan `9268548306`
## Borrower
- **Name:** RAYCO DEVELOPMENT, INC.
- **Address:** 2525 W Main St Ste 209, Rapid City, SD, 57702-2439
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $217K
- **Jobs reported:** 11
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*