# PPP loan: MIDWEST CONTROL PRODUCTS CORP
> **$550K** approved 05/05/2020 · Paid in Full · Loan `2232587405`
## Borrower
- **Name:** MIDWEST CONTROL PRODUCTS CORP
- **Address:** 590 E MAIN ST, BUSHNELL, IL, 61422-1340
- **NAICS:** 331221
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $554K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Jobs reported:** 52
## Lender
- **Originating:** Farmers and Merchants State Bank of Bushnell
- **Servicing:** Farmers and Merchants State Bank of Bushnell (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*