PPP Loan information for Midland engineering company inc

$2,000,000

Midland engineering company inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/25/2021 by The 1st Source Bank reported 80 jobs and $2,000,000 was used to fund payroll.

Midland engineering company inc is Existing or more than 2 years old

PPP Loan Search / IN / South Bend / Midland engineering company inc

MIDLAND ENGINEERING COMPANY INC

Date Approved

01/25/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MIDLAND ENGINEERING COMPANY INC

Borrower Address

52369 SR 933

Borrower City

South Bend

Borrower State

IN

Borrower Zip

46637

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

South Bend

Project County Name

ST JOSEPH

Project State

IN

Project Zip

46637

CD

IN-02

Jobs Reported

80

NAICS Code

238160

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2013555.56

Forgiveness Date

09/29/2021

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