# PPP loan: AMERICAN RAIL ENGINEERS CORPORATION
> **$361K** approved 03/06/2021 · Paid in Full · Loan `7418298507`
## Borrower
- **Name:** AMERICAN RAIL ENGINEERS CORPORATION
- **Address:** 7 Scott Rd, Hampton, NH, 03842-1173
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $362K (100%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $361K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*