# PPP loan: IMPERIAL PUNCH & MFG INC
> **$349K** approved 04/10/2020 · Paid in Full · Loan `1321917100`
## Borrower
- **Name:** IMPERIAL PUNCH & MFG INC
- **Address:** 2016 23RD AVE, ROCKFORD, IL, 61104-7331
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $351K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Mortgage interest:** $44K
- **Utilities:** $44K
- **Jobs reported:** 24
## Lender
- **Originating:** State Bank of Davis
- **Servicing:** State Bank of Davis (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*