# PPP loan: SPARE PART SOLUTIONS, INC.
> **$251K** approved 01/16/2021 · Paid in Full · Loan `1107538306`
## Borrower
- **Name:** SPARE PART SOLUTIONS, INC.
- **Address:** 3374 Precision Dr, Rockford, IL, 61109-2768
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $251K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Stillman BancCorp N.A.
- **Servicing:** Stillman BancCorp N.A. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*