# PPP loan: FORGINGS & STAMPINGS INC.
> **$383K** approved 02/09/2021 · Paid in Full · Loan `5952608407`
## Borrower
- **Name:** FORGINGS & STAMPINGS INC.
- **Address:** 1025 23rd Ave, Rockford, IL, 61104-7148
- **NAICS:** 332111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $386K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $383K
- **Utilities:** $1
- **Jobs reported:** 29
## 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*