Ray's Produce Inc.
Ray's Produce Inc. is located in Salem, OR, and the SBA lists its industry as Fruit and Vegetable Retailers. It was approved for an SBA 504 loan ($5,000,000 SBA portion) on August 5, 2025 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Aug 5, 2025 | $5,000,000 | $9,027,300 | $15,585,889 (estimated) | Banc of California | The Mortgage Capital Development Corporation | 25 years | 29 | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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