# PPP loan: ALABAMA RAILCAR SERVICES INC
> **$196K** approved 04/05/2020 · Paid in Full · Loan `5527427001`
## Borrower
- **Name:** ALABAMA RAILCAR SERVICES INC
- **Address:** 1796 JODIE PARKER RD, OZARK, AL, 36360-8584
- **NAICS:** 488210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $31K
- **Mortgage interest:** $2K
- **Utilities:** $10K
- **Jobs reported:** 18
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*