# PPP loan: MIDWEST INDUSTRIES, INC
> **$2.77M** approved 04/05/2020 · Paid in Full · Loan `5481277008`
## Borrower
- **Name:** MIDWEST INDUSTRIES, INC
- **Address:** 122 E State Hwy 175, IDA GROVE, IA, 51445
- **NAICS:** 336612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.77M
- **Initial approval:** $2.62M
- **Forgiven:** $2.80M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.77M
- **Jobs reported:** 266
## Lender
- **Originating:** Iowa State Bank
- **Servicing:** Iowa State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*