# PPP loan: QUALITY RAIL SERVICE
> **$992K** approved 01/17/2021 · Paid in Full · Loan `1553518300`
## Borrower
- **Name:** QUALITY RAIL SERVICE
- **Address:** 1001 College St, Madison, IL, 62060-1084
- **NAICS:** 488210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $992K
- **Initial approval:** $992K
- **Forgiven:** $997K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $992K
- **Jobs reported:** 57
## Lender
- **Originating:** St. Louis Bank
- **Servicing:** St. Louis Bank (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*