# PPP loan: MIDWEST ENGINEERING ASSOCIATES INC.
> **$587K** approved 01/30/2021 · Paid in Full · Loan `9262008307`
## Borrower
- **Name:** MIDWEST ENGINEERING ASSOCIATES INC.
- **Address:** 140 E Washington St, East Peoria, IL, 61611-2526
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $592K (101%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $587K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Morton Community Bank
- **Servicing:** Morton Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*