# PPP loan: ACCELERATED MACHINE DESIGN
> **$493K** approved 03/18/2021 · Paid in Full · Loan `4436318609`
## Borrower
- **Name:** ACCELERATED MACHINE DESIGN
- **Address:** 3044 Eastrock Ct, Rockford, IL, 61109-1760
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $493K
- **Initial approval:** $493K
- **Forgiven:** $496K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $493K
- **Utilities:** $1
- **Jobs reported:** 33
## 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*