# PPP loan: ERB EQUIPMENT COMPANY OF ILLINOIS, INC
> **$233K** approved 04/10/2020 · Paid in Full · Loan `2467247108`
## Borrower
- **Name:** ERB EQUIPMENT COMPANY OF ILLINOIS, INC
- **Address:** 1017 E. Chain of Rocks Rd, GRANITE CITY, IL, 62040-2815
- **NAICS:** 423810
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $58K
- **Jobs reported:** 19
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*