# PPP loan: MIDWEST ELECTRONIC SPECIALTIES INC.
> **$640K** approved 01/23/2021 · Paid in Full · Loan `4143518301`
## Borrower
- **Name:** MIDWEST ELECTRONIC SPECIALTIES INC.
- **Address:** 601 N Main St, Ellsworth, IL, 61737-7547
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $640K
- **Initial approval:** $640K
- **Forgiven:** $644K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $640K
- **Utilities:** $1
- **Jobs reported:** 61
## Lender
- **Originating:** Heartland Bank and Trust Company
- **Servicing:** Heartland Bank and Trust Company (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*