# PPP loan: MILLWRIGHT SERVICE, INC.
> **$550K** approved 04/06/2020 · Paid in Full · Loan `6060747003`
## Borrower
- **Name:** MILLWRIGHT SERVICE, INC.
- **Address:** 2363 53rd Street, FORT MADISON, IA, 52627-2806
- **NAICS:** 337212
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $556K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Rent:** $60K
- **Utilities:** $50K
- **Jobs reported:** 25
## Lender
- **Originating:** Two Rivers Bank and Trust
- **Servicing:** Two Rivers Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*