# PPP loan: MAGGIO TRUCK CENTER INC
> **$341K** approved 02/12/2021 · Paid in Full · Loan `7547488403`
## Borrower
- **Name:** MAGGIO TRUCK CENTER INC
- **Address:** 4752 Baxter Rd, Rockford, IL, 61109-5252
- **NAICS:** 488410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $341K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** Illinois Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*