AM-RAIL CONSTRUCTION INC. (NC) - 2020 PPP Loan Borrower Profile (# 2272268709)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AM-RAIL CONSTRUCTION INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in North Carolina.

Loan Detail

Loan Number

2272268709

SBA Office Code

0460

Processing Method

PPS

Curent Loan Amount

$149,137

Date Loan was Approved

Mar 28, 2021

Amount Forgiven

$150,256.55

Date Loan was Forgiven

Jan 3, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

149,135

Lender

Customers Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

237990

Borrower Location

Kannapolis, NC

Project Location

Kannapolis, NC

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.