# PPP loan: IDEAL WELDING SYSTEMS LP
> **$153K** approved 05/11/2020 · Paid in Full · Loan `4865697402`
## Borrower
- **Name:** IDEAL WELDING SYSTEMS LP
- **Address:** 3294 Pyramid Drive, ROCKFORD, IL, 61109
- **NAICS:** 423830
- **Business type:** Partnership
- **Business age:** Unanswered
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $155K (102%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Jobs reported:** 9
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*