# PPP loan: GENESIS RAIL SERVICES, INC
> **$690K** approved 04/08/2020 · Paid in Full · Loan `8656327006`
## Borrower
- **Name:** GENESIS RAIL SERVICES, INC
- **Address:** 1185 COAL HERITAGE RD, BLUEFIELD, WV, 24701-9472
- **NAICS:** 482111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $690K
- **Initial approval:** $690K
- **Forgiven:** $694K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $610K
- **Rent:** $5K
- **Utilities:** $4K
- **Health care:** $30K
- **Debt interest:** $40K
- **Jobs reported:** 52
## Lender
- **Originating:** Legacy Bank
- **Servicing:** Legacy Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*