# PPP loan: KANEY AEROSPACE INC.
> **$1.56M** approved 02/11/2021 · Paid in Full · Loan `7111138402`
## Borrower
- **Name:** KANEY AEROSPACE INC.
- **Address:** 1300 Capital Dr, Rockford, IL, 61109-3076
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.56M
- **Utilities:** $1
- **Jobs reported:** 96
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*