# PPP loan: STEPHENSON SERVICE COMPANY
> **$1.27M** approved 04/09/2020 · Paid in Full · Loan `8897047006`
## Borrower
- **Name:** STEPHENSON SERVICE COMPANY
- **Address:** 410 S. HANCOCK AVE, FREEPORT, IL, 61032-5311
- **NAICS:** 424910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $952K
- **Mortgage interest:** $159K
- **Utilities:** $159K
- **Jobs reported:** 121
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*