# PPP loan: FREEPORT INDUSTRIAL ROOFING, INC.
> **$462K** approved 04/07/2020 · Paid in Full · Loan `7068087005`
## Borrower
- **Name:** FREEPORT INDUSTRIAL ROOFING, INC.
- **Address:** 3507 IL ROUTE 26, FREEPORT, IL, 61032-9374
- **NAICS:** 238160
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $462K
- **Initial approval:** $462K
- **Forgiven:** $465K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $347K
- **Rent:** $58K
- **Utilities:** $58K
- **Jobs reported:** 24
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*