# PPP loan: MID STATE THERMO KING, INC.
> **$1.96M** approved 04/05/2020 · Paid in Full · Loan `5582057000`
## Borrower
- **Name:** MID STATE THERMO KING, INC.
- **Address:** 280   6TH ST, MONTGOMERY, AL, 36104-1631
- **NAICS:** 423440
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.99M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Rent:** $393K
- **Utilities:** $98K
- **Jobs reported:** 24
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*