# PPP loan: ENCORE RAIL SYSTEMS, INC
> **$290K** approved 04/09/2020 · Paid in Full · Loan `9659377010`
## Borrower
- **Name:** ENCORE RAIL SYSTEMS, INC
- **Address:** 6235 S Oak Park Ave, CHICAGO, IL, 60638-4015
- **NAICS:** 488210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Rent:** $24K
- **Utilities:** $24K
- **Jobs reported:** 15
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*