# PPP loan: THE IFH GROUP, INC.
> **$1.60M** approved 04/04/2020 · Paid in Full · Loan `4735777001`
## Borrower
- **Name:** THE IFH GROUP, INC.
- **Address:** 3300 E. ROCK FALLS RD, ROCK FALLS, IL, 61071-3708
- **NAICS:** 332439
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Rent:** $110K
- **Health care:** $210K
- **Jobs reported:** 141
## Lender
- **Originating:** Central Bank Illinois
- **Servicing:** Central Bank Illinois (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*