# PPP loan: MIDAMERICAN AEROSPACE LTD
> **$1.01M** approved 02/03/2021 · Paid in Full · Loan `2454938405`
## Borrower
- **Name:** MIDAMERICAN AEROSPACE LTD
- **Address:** 2727 16th Ave SW, Cedar Rapids, IA, 52404-1633
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.01M
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** Bankers Trust Company
- **Servicing:** Bankers Trust Company (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*