# PPP loan: SLIDEMATIC PRECISION COMPONENTS
> **$1.25M** approved 02/18/2021 · Paid in Full · Loan `1011938510`
## Borrower
- **Name:** SLIDEMATIC PRECISION COMPONENTS
- **Address:** 1303 Samuelson Rd, Rockford, IL, 61109-3645
- **NAICS:** 332722
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 247
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*