Railex Conveyor Corp.

$308,713 PPP Loan in Copiague, New York

Loan Details

Loan Number
7216938304
Date Approved
Jan 28, 2021
Loan Status
Paid in Full
Initial Approval
$308,713
Current Approval
$308,713
Forgiveness Amount
$311,461
Forgiveness Date
Jan 3, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Railex Conveyor Corp.
Address
15 Ralph Ave
ZIP Code
11726-1507
Business Type
Corporation
Industry (NAICS)
Manufacturing (333922)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.5M
Rural/Urban
Urban
Congressional District
NY-02

Loan Use Breakdown

Payroll
$308,708
Utilities
$1

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Dime Community Bank

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