# PPP loan: PIERCE LAMINATED PRODUCTS INC
> **$185K** approved 04/08/2020 · Paid in Full · Loan `8752557005`
## Borrower
- **Name:** PIERCE LAMINATED PRODUCTS INC
- **Address:** 2430 N COURT ST, ROCKFORD, IL, 61103-3932
- **NAICS:** 337110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $187K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Rent:** $2K
- **Utilities:** $2K
- **Jobs reported:** 17
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*