# PPP loan: RAIL EXCHANGE INC.
> **$657K** approved 01/22/2021 · Paid in Full · Loan `3419928303`
## Borrower
- **Name:** RAIL EXCHANGE INC.
- **Address:** 1150 State St, Chicago Heights, IL, 60411-3700
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $665K (101%)
- **Forgiveness date:** 05/27/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $657K
- **Jobs reported:** 34
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly Bank & Trust Company, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*