# PPP loan: A-1 LAPPING & MACHINE INC.
> **$336K** approved 01/20/2021 · Paid in Full · Loan `1876908304`
## Borrower
- **Name:** A-1 LAPPING & MACHINE INC.
- **Address:** 623 Grable St, Rockford, IL, 61109-2003
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $336K
- **Initial approval:** $336K
- **Forgiven:** $337K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $336K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*