PPP Loan information for Rail logistics, inc.

$767,044

Rail logistics, inc. was initially approved for PPP Loan of amount $767,044, the current approved amount is $767,044. The loan was approved on 04/28/2020 by The The Middlefield Banking Company reported 77 jobs and $767,044 was used to fund payroll.

Rail logistics, inc. is Existing or more than 2 years old

PPP Loan Search / OH / AVON LAKE / Rail logistics, inc.

RAIL LOGISTICS, INC.

Date Approved

04/28/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

RAIL LOGISTICS, INC.

Borrower Address

32861 PIN OAK PKWY Unit D

Borrower City

AVON LAKE

Borrower State

OH

Borrower Zip

44012-3502

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

767044.00

Current Approval Amount

767044.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57805

Servicing Lender Name

The Middlefield Banking Company

Servicing Lender Address

15985 E High St

Servicing Lender City

MIDDLEFIELD

Servicing Lender State

OH

Servicing Lender Zip

44062

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AVON LAKE

Project County Name

LORAIN

Project State

OH

Project Zip

44012-3502

CD

OH-05

Jobs Reported

77

NAICS Code

423860

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

767044.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

57805

Originating Lender

The Middlefield Banking Company

Originating Lender City

MIDDLEFIELD

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

773474.56

Forgiveness Date

03/09/2021

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