# PPP loan: PEORIA MIDWEST EQUIPMENT INC
> **$321K** approved 04/05/2020 · Paid in Full · Loan `5308237003`
## Borrower
- **Name:** PEORIA MIDWEST EQUIPMENT INC
- **Address:** 4826 W FARMINGTON RD, PEORIA, IL, 61604-4626
- **NAICS:** 811411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Rent:** $40K
- **Utilities:** $40K
- **Jobs reported:** 29
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*