# PPP loan: HOFFMAN HOUSE OF EAST ROCKFORD
> **$1.04M** approved 02/19/2021 · Paid in Full · Loan `1487018500`
## Borrower
- **Name:** HOFFMAN HOUSE OF EAST ROCKFORD
- **Address:** 7550 E State St, Rockford, IL, 61108-2716
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (100%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.04M
- **Jobs reported:** 189
## Lender
- **Originating:** CBI Bank and Trust
- **Servicing:** CBI Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*