# PPP loan: ROCKFORD MERCANTILE AGENCY INC
> **$204K** approved 01/25/2021 · Paid in Full · Loan `5101848302`
## Borrower
- **Name:** ROCKFORD MERCANTILE AGENCY INC
- **Address:** 2502 S Alpine Rd, Rockford, IL, 61108-7813
- **NAICS:** 522390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $205K (100%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $204K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Northwest Bank of Rockford
- **Servicing:** Northwest Bank of Rockford (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*