# PPP loan: SLIDEMATIC PRECISION COMPONENTS INC
> **$2.14M** approved 04/09/2020 · Paid in Full · Loan `9255537003`
## Borrower
- **Name:** SLIDEMATIC PRECISION COMPONENTS INC
- **Address:** 1303 Samuelson Road, ROCKFORD, IL, 61109-3645
- **NAICS:** 332111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.14M
- **Initial approval:** $2.14M
- **Forgiven:** $2.16M (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $136K
- **Jobs reported:** 169
## 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*