# PPP loan: MPC ENTERPRISES, INC.
> **$1.35M** approved 04/07/2020 · Paid in Full · Loan `7579757007`
## Borrower
- **Name:** MPC ENTERPRISES, INC.
- **Address:** 2001 W Washington St, MOUNT PLEASANT, IA, 52641-3003
- **NAICS:** 327390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Rent:** $2K
- **Mortgage interest:** $20K
- **Utilities:** $50K
- **Jobs reported:** 91
## Lender
- **Originating:** Two Rivers Bank & Trust
- **Servicing:** Two Rivers Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*