# PPP loan: JL & PL CORPORATION
> **$224K** approved 04/28/2020 · Paid in Full · Loan `7294967203`
## Borrower
- **Name:** JL & PL CORPORATION
- **Address:** 3700 E. State St., ROCKFORD, IL, 61108-1918
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 42
## 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*