PPP Loan information for Midwest industries inc.

$2,000,000

Midwest industries 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 02/22/2021 by The Iowa State Bank reported 261 jobs and $2,000,000 was used to fund payroll.

Midwest industries inc. is Existing or more than 2 years old

PPP Loan Search / IA / Ida Grove / Midwest industries inc.

MIDWEST INDUSTRIES INC.

Date Approved

02/22/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

MIDWEST INDUSTRIES INC.

Borrower Address

122 E State Highway 175

Borrower City

Ida Grove

Borrower State

IA

Borrower Zip

51445-1140

Loan Status Date

09/14/2021

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

25094

Servicing Lender Name

Iowa State Bank

Servicing Lender Address

1101 Main St

Servicing Lender City

HULL

Servicing Lender State

IA

Servicing Lender Zip

51239

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ida Grove

Project County Name

IDA

Project State

IA

Project Zip

51445-1140

CD

IA-04

Jobs Reported

261

NAICS Code

336214

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

Corporation

Originating Lender Location Id

25094

Originating Lender

Iowa State Bank

Originating Lender City

HULL

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2009500.00

Forgiveness Date

08/16/2021

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