# PPP loan: MID-AMERICA GROUP, LTD,
> **$633K** approved 04/04/2020 · Paid in Full · Loan `5046997007`
## Borrower
- **Name:** MID-AMERICA GROUP, LTD,
- **Address:** 1401 50TH ST Ste 105, WEST DES MOINES, IA, 50266-1011
- **NAICS:** 531190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $633K
- **Initial approval:** $633K
- **Forgiven:** $639K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $475K
- **Rent:** $158K
- **Jobs reported:** 35
## Lender
- **Originating:** Bank Iowa
- **Servicing:** Bank Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*