# PPP loan: ENCORE RAIL SYSTEMS INC.
> **$290K** approved 01/27/2021 · Paid in Full · Loan `7117688306`
## Borrower
- **Name:** ENCORE RAIL SYSTEMS INC.
- **Address:** 6235 S Oak Park Ave, Chicago, IL, 60638-4015
- **NAICS:** 488210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $290K
- **Jobs reported:** 17
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*