# PPP loan: ROCKFORD MUTUAL INSURANCE COMPANY
> **$1.17M** approved 04/04/2020 · Paid in Full · Loan `4964007008`
## Borrower
- **Name:** ROCKFORD MUTUAL INSURANCE COMPANY
- **Address:** 527 Colman Center Drive, ROCKFORD, IL, 61108-2702
- **NAICS:** 524126
- **Business type:** Cooperative
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $875K
- **Utilities:** $146K
- **Health care:** $146K
- **Jobs reported:** 83
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*