# PPP loan: THE RAIL, LLC
> **$368K** approved 07/27/2020 · Paid in Full · Loan `8678628108`
## Borrower
- **Name:** THE RAIL, LLC
- **Address:** 3626 E Indian School Road, PHOENIX, AZ, 85018-5127
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $265K
- **Rent:** $103K
- **Jobs reported:** 40
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*