# PPP loan: MIDWEST COATINGS COMPANY, INC.
> **$278K** approved 04/07/2020 · Paid in Full · Loan `7406957010`
## Borrower
- **Name:** MIDWEST COATINGS COMPANY, INC.
- **Address:** 1425 280th Street, MODALE, IA, 51556-4040
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Jobs reported:** 20
## Lender
- **Originating:** First Interstate Bank
- **Servicing:** First Interstate Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*