# PPP loan: METRO RAIL, INC.
> **$192K** approved 04/07/2020 · Paid in Full · Loan `7015147006`
## Borrower
- **Name:** METRO RAIL, INC.
- **Address:** 13611 Ashton Parkway, CHILLICOTHE, IL, 61523-9404
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $34K
- **Mortgage interest:** $6K
- **Utilities:** $8K
- **Jobs reported:** 85
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*