# PPP loan: RAIL LOGISTICS, INC.
> **$767K** approved 04/28/2020 · Paid in Full · Loan `8949347201`
## Borrower
- **Name:** RAIL LOGISTICS, INC.
- **Address:** 32861 PIN OAK PKWY Unit D, AVON LAKE, OH, 44012-3502
- **NAICS:** 423860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $767K
- **Initial approval:** $767K
- **Forgiven:** $773K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $767K
- **Jobs reported:** 77
## Lender
- **Originating:** The Middlefield Banking Company
- **Servicing:** The Middlefield Banking Company (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*