# PPP loan: CEDAR SIDING & LUMBER, INC
> **$818K** approved 04/15/2020 · Charged Off · Loan `1305437207`
## Borrower
- **Name:** CEDAR SIDING & LUMBER, INC
- **Address:** 147 E 2nd Avenue, ROCHELLE, IL, 61068
- **NAICS:** 423310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $818K
- **Initial approval:** $818K
- **Forgiven:** $752K (92%)
- **Forgiveness date:** 06/09/2021
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $810K
- **Utilities:** $8K
- **Jobs reported:** 37
## 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*