# PPP loan: MIDWEST ELECTRO TECH CORP
> **$714K** approved 04/07/2020 · Paid in Full · Loan `7344727004`
## Borrower
- **Name:** MIDWEST ELECTRO TECH CORP
- **Address:** 102 Enterprise Drive, HILLSBORO, WI, 54634-4403
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $714K
- **Initial approval:** $714K
- **Forgiven:** $718K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $699K
- **Mortgage interest:** $13K
- **Utilities:** $3K
- **Jobs reported:** 59
## Lender
- **Originating:** Royal Bank
- **Servicing:** Royal Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*