# PPP loan: MID-STATES MATERIAL HANDLING & FABRICATION, INC.
> **$261K** approved 04/06/2020 · Paid in Full · Loan `5900767008`
## Borrower
- **Name:** MID-STATES MATERIAL HANDLING & FABRICATION, INC.
- **Address:** 1280 S. B Avenue, NEVADA, IA, 50201-2815
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Rent:** $40K
- **Utilities:** $13K
- **Jobs reported:** 24
## Lender
- **Originating:** State Bank & Trust Co.
- **Servicing:** State Bank & Trust Co. (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*