GENESIS RAIL SERVICES, INC (WV) - 2020 PPP Loan Borrower Profile (# 8656327006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GENESIS RAIL SERVICES, 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 West Virginia.

Loan Detail

Loan Number

8656327006

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$689,500

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$694,487.07

Date Loan was Forgiven

Dec 31, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,274.23

Payroll Proced

610,002.86

Rent Proceed

5,000

Health Care Proceed

29,743.54

Debt Interest Proceed

40,479.37

Lender

Legacy Bank

Business Detail

Business Type

Corporation

NAICS

482111

Borrower Location

BLUEFIELD, WV

Project Location

BLUEFIELD, WV

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.