# PPP loan: MIDSTATES ELECTRIC, INC.
> **$652K** approved 04/28/2020 · Paid in Full · Loan `7514317210`
## Borrower
- **Name:** MIDSTATES ELECTRIC, INC.
- **Address:** 1658 HIGHWAY 20, LAWTON, IA, 51030-8167
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $652K
- **Initial approval:** $652K
- **Forgiven:** $656K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $652K
- **Jobs reported:** 53
## Lender
- **Originating:** F & M Bank
- **Servicing:** F & M Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*