# PPP loan: AMERICAN ROTORS INC
> **$155K** approved 05/01/2020 · Paid in Full · Loan `1125707709`
## Borrower
- **Name:** AMERICAN ROTORS INC
- **Address:** 3873 CLEARVIEW CT, GURNEE, IL, 60031
- **NAICS:** 335312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Utilities:** $8K
- **Jobs reported:** 230
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*