PPP Loan information for Genesis rail services, inc

$689,500

Genesis rail services, inc was initially approved for PPP Loan of amount $689,500, the current approved amount is $689,500. The loan was approved on 04/08/2020 by The Legacy Bank reported 52 jobs and $689,500 was used to fund payroll.

Genesis rail services, inc is Existing or more than 2 years old

PPP Loan Search / WV / BLUEFIELD / Genesis rail services, inc

GENESIS RAIL SERVICES, INC

Date Approved

04/08/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

GENESIS RAIL SERVICES, INC

Borrower Address

1185 COAL HERITAGE RD

Borrower City

BLUEFIELD

Borrower State

WV

Borrower Zip

24701-9472

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

689500.00

Current Approval Amount

689500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73431

Servicing Lender Name

Legacy Bank

Servicing Lender Address

20957 Riverside Dr

Servicing Lender City

GRUNDY

Servicing Lender State

VA

Servicing Lender Zip

24614

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BLUEFIELD

Project County Name

MERCER

Project State

WV

Project Zip

24701-9472

CD

WV-01

Jobs Reported

52

NAICS Code

482111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4274.23

Payroll Proceed

610002.86

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

29743.54

Debt Interest Proceed

40479.37

Business Type

Corporation

Originating Lender Location Id

73431

Originating Lender

Legacy Bank

Originating Lender City

GRUNDY

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

694487.07

Forgiveness Date

12/31/2020

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