PPP Loan information for Rail exchange, inc.

$1,031,643

Rail exchange, inc. was initially approved for PPP Loan of amount $1,031,642, the current approved amount is $1,031,643. The loan was approved on 04/13/2020 by The Beverly Bank & Trust Company, National Association reported 38 jobs and $1,031,643 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

04/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RAIL EXCHANGE, INC.

Borrower Address

1150 S State Street

Borrower City

CHICAGO HEIGHTS

Borrower State

IL

Borrower Zip

60411-3700

Loan Status Date

06/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1031642.00

Current Approval Amount

1031643.00

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

38

NAICS Code

336510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

103164.30

Payroll Proceed

773732.25

Mortgage Interest Proceed

154746.45

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

1042933.76

Forgiveness Date

05/21/2021

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