# PPP loan: MIDWEST TIMBER INC
> **$570K** approved 04/14/2020 · Paid in Full · Loan `7556677102`
## Borrower
- **Name:** MIDWEST TIMBER INC
- **Address:** 69875 KRAUS RD, EDWARDSBURG, MI, 49112-9692
- **NAICS:** 321114
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $570K
- **Initial approval:** $570K
- **Forgiven:** $578K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $570K
- **Jobs reported:** 54
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*