# PPP loan: ADVANCE MACHINE & ENGINEERING
> **$1.54M** approved 04/11/2020 · Paid in Full · Loan `3350427104`
## Borrower
- **Name:** ADVANCE MACHINE & ENGINEERING
- **Address:** 2500 LATHAM ST, ROCKFORD, IL, 61103-3963
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.54M
- **Jobs reported:** 130
## Lender
- **Originating:** Illinois Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*