# PPP loan: RAILROAD CONSTRUCTION COMPANY INC.
> **$6.67M** approved 04/14/2020 · Paid in Full · Loan `7810367110`
## Borrower
- **Name:** RAILROAD CONSTRUCTION COMPANY INC.
- **Address:** 75-77 Grove Street, Paterson, NJ, 07503
- **NAICS:** 237990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.67M
- **Initial approval:** $6.67M
- **Forgiven:** $6.76M (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.80M
- **Rent:** $95K
- **Mortgage interest:** $19K
- **Utilities:** $35K
- **Health care:** $710K
- **Debt interest:** $17K
- **Jobs reported:** 295
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*