# PPP loan: MIDWEST ELASTOMERS, INC.
> **$776K** approved 04/08/2020 · Paid in Full · Loan `7906097008`
## Borrower
- **Name:** MIDWEST ELASTOMERS, INC.
- **Address:** 700 INDUSTRIAL DR, WAPAKONETA, OH, 45895-9200
- **NAICS:** 326211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $776K
- **Initial approval:** $776K
- **Forgiven:** $784K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $621K
- **Mortgage interest:** $78K
- **Utilities:** $78K
- **Jobs reported:** 65
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*