# PPP loan: MIDWEST FIBER, INC. OF DECATUR
> **$1.02M** approved 04/07/2020 · Paid in Full · Loan `7621567003`
## Borrower
- **Name:** MIDWEST FIBER, INC. OF DECATUR
- **Address:** 422 S White Oak Rd, NORMAL, IL, 61761-4328
- **NAICS:** 562998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $816K
- **Mortgage interest:** $35K
- **Utilities:** $171K
- **Jobs reported:** 91
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*