As part of the Paycheck Protection Program RAIL EXCHANGE, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

RAIL EXCHANGE, INC


Loan Amount	$1,031,643
BusinessName	RAIL EXCHANGE, INC
Address	1150 S State Street
City	CHICAGO HEIGHTS
State	IL
Zip	60411
NAICSCode	336510
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	38
DateApproved	04/13/2020
Lender	Beverly Bank & Trust Company, National Association
CD	IL-02
BusinessName.clean	RAIL EXCHANGE

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

RAILPLAN INTERNATIONAL
RAILROAD CONSTRUCTION COMPANY
RAILSIDE ENTERPRISES
RAIMONDO PETTIT GROUP
RAIMORE CONSTRUCTION