# PPP loan: MIDWEST TRANSIT EQUIPMENT, INC.
> **$4.48M** approved 04/05/2020 · Paid in Full · Loan `5569037000`
## Borrower
- **Name:** MIDWEST TRANSIT EQUIPMENT, INC.
- **Address:** 146 W. ISSERT DR., KANKAKEE, IL, 60901-7134
- **NAICS:** 485113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.48M
- **Initial approval:** $4.48M
- **Forgiven:** $4.53M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.08M
- **Mortgage interest:** $100K
- **Utilities:** $100K
- **Health care:** $200K
- **Jobs reported:** 300
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*