# PPP loan: MIDSTATES BUILDERS, INC.
> **$209K** approved 04/05/2020 · Paid in Full · Loan `5303727009`
## Borrower
- **Name:** MIDSTATES BUILDERS, INC.
- **Address:** 520 S Grand Ave, SPENCER, IA, 51301-5321
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Rent:** $24K
- **Utilities:** $6K
- **Health care:** $9K
- **Jobs reported:** 19
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*