PPP Loan information for Midstates inc.

$2,000,000

Midstates 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 01/29/2021 by The Dacotah Bank reported 199 jobs and $2,000,000 was used to fund payroll.

Midstates inc. is Existing or more than 2 years old

PPP Loan Search / SD / Aberdeen / Midstates inc.

MIDSTATES INC.

Date Approved

01/29/2021

SBA Office Code

0876

Processing Method

PPS

Borrower Name

MIDSTATES INC.

Borrower Address

4820 Capital Ave NE

Borrower City

Aberdeen

Borrower State

SD

Borrower Zip

57401-8178

Loan Status Date

06/01/2022

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

66384

Servicing Lender Name

Dacotah Bank

Servicing Lender Address

308 S Main St

Servicing Lender City

ABERDEEN

Servicing Lender State

SD

Servicing Lender Zip

57401-4146

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Aberdeen

Project County Name

BROWN

Project State

SD

Project Zip

57401-8178

CD

SD-

Jobs Reported

199

NAICS Code

323111

Race

White

Ethnicity

Not Hispanic or Latino

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

66384

Originating Lender

Dacotah Bank

Originating Lender City

ABERDEEN

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2008388.89

Forgiveness Date

07/06/2021

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