# PPP loan: MIDLAND RESTAURANTS, INC.
> **$401K** approved 04/09/2020 · Exemption 4 · Loan `9722947008`
## Borrower
- **Name:** MIDLAND RESTAURANTS, INC.
- **Address:** 610 W. MISSOURI AVE, MIDLAND, TX, 79701-5018
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $401K
- **Forgiven:** $228K (57%)
- **Forgiveness date:** 02/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $401K
- **Jobs reported:** 40
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*