# PPP loan: MIDWEST INSURANCE CENTER, INC.
> **$199K** approved 04/09/2020 · Paid in Full · Loan `8854787005`
## Borrower
- **Name:** MIDWEST INSURANCE CENTER, INC.
- **Address:** 944 W US HIGHWAY 30, SCHERERVILLE, IN, 46375-1551
- **NAICS:** 524126
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 16
## Lender
- **Originating:** Old Plank Trail Community Bank, National Association
- **Servicing:** Old Plank Trail Community Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*