# PPP loan: MIDWESTERN TRADING, INC
> **$1.07M** approved 04/03/2020 · Paid in Full · Loan `4508847009`
## Borrower
- **Name:** MIDWESTERN TRADING, INC
- **Address:** 4515 20TH AVE SW, CEDAR RAPIDS, IA, 52404-1224
- **NAICS:** 541614
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $973K
- **Rent:** $70K
- **Mortgage interest:** $20K
- **Utilities:** $10K
- **Jobs reported:** 81
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*