# PPP loan: GULF & OHIO RAILWAYS INC
> **$1.23M** approved 04/28/2020 · Paid in Full · Loan `7188437204`
## Borrower
- **Name:** GULF & OHIO RAILWAYS INC
- **Address:** 422 CUMBERLAND AVE, KNOXVILLE, TN, 37902-2301
- **NAICS:** 551112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.22M (99%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $922K
- **Rent:** $184K
- **Utilities:** $123K
- **Jobs reported:** 78
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*