PPP Loan information for Rail exchange inc.

$656,538

Rail exchange inc. was initially approved for PPP Loan of amount $656,538, the current approved amount is $656,538. The loan was approved on 01/22/2021 by The Beverly Bank & Trust Company, National Association reported 34 jobs and $656,538 was used to fund payroll.

Rail exchange inc. is Existing or more than 2 years old

PPP Loan Search / IL / Chicago Heights / Rail exchange inc.

RAIL EXCHANGE INC.

Date Approved

01/22/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

RAIL EXCHANGE INC.

Borrower Address

1150 State St

Borrower City

Chicago Heights

Borrower State

IL

Borrower Zip

60411-3700

Loan Status Date

06/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

656537.50

Current Approval Amount

656537.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

377941

Servicing Lender Name

Beverly Bank & Trust Company, National Association

Servicing Lender Address

10258 S Western Ave

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60643-1948

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Chicago Heights

Project County Name

COOK

Project State

IL

Project Zip

60411-3700

CD

IL-02

Jobs Reported

34

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

656537.50

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

377941

Originating Lender

Beverly Bank & Trust Company, National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

665273.10

Forgiveness Date

05/27/2022

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