# PPP loan: MIDWEST ELECTRICAL & ENERGY SOLUTIONS INC.
> **$152K** approved 01/20/2021 · Paid in Full · Loan `2071868302`
## Borrower
- **Name:** MIDWEST ELECTRICAL & ENERGY SOLUTIONS INC.
- **Address:** 2601 Highway Blvd, Spencer, IA, 51301-2106
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (100%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $152K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Farmers Trust and Savings Bank
- **Servicing:** Farmers Trust and Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*