# PPP loan: MIDWEST BORINGS INC
> **$157K** approved 01/19/2021 · Paid in Full · Loan `1655768306`
## Borrower
- **Name:** MIDWEST BORINGS INC
- **Address:** 13386 County Rd 3, Clear Lake, MN, 55319
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $157K (100%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Utilities:** $1
- **Jobs reported:** 6
## Lender
- **Originating:** The Bank of Elk River
- **Servicing:** The Bank of Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*