# PPP loan: SPECIAL POWER INC
> **$585K** approved 03/28/2021 · Paid in Full · Loan `2172128705`
## Borrower
- **Name:** SPECIAL POWER INC
- **Address:** 1226 18th Ave, Rockford, IL, 61104-5348
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $589K (101%)
- **Forgiveness date:** 01/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $585K
- **Utilities:** $1
- **Jobs reported:** 18
## 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*