# PPP loan: PEARSON PLUMBING AND HEATING COMPANY
> **$660K** approved 04/14/2020 · Paid in Full · Loan `7400977102`
## Borrower
- **Name:** PEARSON PLUMBING AND HEATING COMPANY
- **Address:** 2415 20TH STREET, ROCKFORD, IL, 61104-7451
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $660K
- **Initial approval:** $660K
- **Forgiven:** $663K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $660K
- **Jobs reported:** 29
## 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*