FREIGHTCAR AMERICA, INC. : Other Events (form 8-K)

Item 8.01. Other Events.

On April 16, 2020, FreightCar America, Inc. (the "Company") received $10.0 million from BMO Harris Bank N.A. (the "Lender"), pursuant to the Paycheck Protection Program (the "PPP Loan") of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). The Company used all proceeds from the PPP Loan towards eligible expenses under the CARES Act .

On July 14, 2021, the Company received a notification from the Lender that the Small Business Administration approved the Company's PPP Loan forgiveness application for the entire $10.0 million balance, together with interest accrued thereon, of the PPP Loan and that the remaining balance of the PPP Loan is zero.

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