# PPP loan: SOUTHEAST RAILS, LLC
> **$203K** approved 04/27/2020 · Paid in Full · Loan `5481857201`
## Borrower
- **Name:** SOUTHEAST RAILS, LLC
- **Address:** 305 LOWCOUNTRY DR, RIDGELAND, SC, 29936-7989
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $10K
- **Jobs reported:** 20
## Lender
- **Originating:** Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*