# PPP loan: AREA ERECTORS, INC.
> **$3.95M** approved 04/14/2020 · Paid in Full · Loan `6898967101`
## Borrower
- **Name:** AREA ERECTORS, INC.
- **Address:** 2323 Harrison Avenue, ROCKFORD, IL, 61104-7339
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.95M
- **Initial approval:** $3.95M
- **Forgiven:** $3.99M (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.96M
- **Utilities:** $987K
- **Jobs reported:** 221
## 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*