# PPP loan: KADON PRECISION MACHINING
> **$779K** approved 02/24/2021 · Paid in Full · Loan `3717038501`
## Borrower
- **Name:** KADON PRECISION MACHINING
- **Address:** 5876 Sandy Hollow Rd, Rockford, IL, 61109-2767
- **NAICS:** 332710
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $779K
- **Initial approval:** $779K
- **Forgiven:** $785K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $779K
- **Utilities:** $1
- **Jobs reported:** 74
## 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*