# PPP loan: MID-AMERICA DRILLING CORP
> **$346K** approved 04/15/2020 · Paid in Full · Loan `1442277203`
## Borrower
- **Name:** MID-AMERICA DRILLING CORP
- **Address:** 202 N MAIN ST, OAKLAND, IA, 51560-4186
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $346K
- **Jobs reported:** 25
## Lender
- **Originating:** Arbor Bank
- **Servicing:** Arbor Bank (NE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*