# PPP loan: ALLIANCE REFRIGERATION CO INC
> **$1.07M** approved 04/07/2020 · Paid in Full · Loan `7254897005`
## Borrower
- **Name:** ALLIANCE REFRIGERATION CO INC
- **Address:** 100 FRONTIER WAY, BENSENVILLE, IL, 60106-1124
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Rent:** $20K
- **Utilities:** $3K
- **Jobs reported:** 65
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*