# PPP loan: NATIONAL RAILWAY EQUIPMENT CO
> **$6.07M** approved 04/03/2020 · Paid in Full · Loan `4368387010`
## Borrower
- **Name:** NATIONAL RAILWAY EQUIPMENT CO
- **Address:** 1100 SHAWNEE ST, MOUNT VERNON, IL, 62864-5454
- **NAICS:** 488210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.07M
- **Initial approval:** $6.44M
- **Forgiven:** $6.14M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.07M
- **Jobs reported:** 494
## Lender
- **Originating:** Community First Bank of the Heartland
- **Servicing:** Community First Bank of the Heartland (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*