# PPP loan: MIDLAND ENGINEERING COMPANY INC.
> **$2.42M** approved 04/07/2020 · Paid in Full · Loan `6683257005`
## Borrower
- **Name:** MIDLAND ENGINEERING COMPANY INC.
- **Address:** 52369 State Road Route 933 North, SOUTH BEND, IN, 46637
- **NAICS:** 238160
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.42M
- **Initial approval:** $2.42M
- **Forgiven:** $2.44M (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.42M
- **Jobs reported:** 119
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*