# PPP loan: MIDLAND STANDARD ENGINEERING & TESTING, INC.
> **$225K** approved 04/11/2020 · Paid in Full · Loan `3372887103`
## Borrower
- **Name:** MIDLAND STANDARD ENGINEERING & TESTING, INC.
- **Address:** 410 NOLEN DR, SOUTH ELGIN, IL, 60177-2238
- **NAICS:** 541620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $34K
- **Utilities:** $23K
- **Jobs reported:** 12
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*