# PPP loan: MID WEST INDUSTRIES & DEVELOPMENT LTD
> **$993K** approved 04/06/2020 · Paid in Full · Loan `6053887001`
## Borrower
- **Name:** MID WEST INDUSTRIES & DEVELOPMENT LTD
- **Address:** 1125 W 1ST ST, MCPHERSON, KS, 67460-3203
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $993K
- **Initial approval:** $993K
- **Forgiven:** $1.00M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Rent:** $23K
- **Utilities:** $170K
- **Jobs reported:** 56
## Lender
- **Originating:** Peoples Bank and Trust Company
- **Servicing:** Peoples Bank and Trust Company (KS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*