# PPP loan: SJOSTROM & SONS, INC.
> **$2.66M** approved 04/09/2020 · Paid in Full · Loan `9282107009`
## Borrower
- **Name:** SJOSTROM & SONS, INC.
- **Address:** 1129 Harrison Avenu, ROCKFORD, IL, 61104-7239
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.66M
- **Initial approval:** $2.66M
- **Forgiven:** $2.69M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.60M
- **Utilities:** $55K
- **Jobs reported:** 83
## 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*