PPP Loan information for Mg logistics inc

$611,925

Mg logistics inc was initially approved for PPP Loan of amount $611,925, the current approved amount is $611,925. The loan was approved on 03/17/2021 by The Stock Yards Bank & Trust Company reported 75 jobs and $611,925 was used to fund payroll.

Mg logistics inc is Existing or more than 2 years old

PPP Loan Search / IN / Jeffersonville / Mg logistics inc

MG LOGISTICS INC

Date Approved

03/17/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MG LOGISTICS INC

Borrower Address

380 Missouri Ave Ste A4

Borrower City

Jeffersonville

Borrower State

IN

Borrower Zip

47130-3006

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

611925.00

Current Approval Amount

611925.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27569

Servicing Lender Name

Stock Yards Bank & Trust Company

Servicing Lender Address

1040 E Main St

Servicing Lender City

LOUISVILLE

Servicing Lender State

KY

Servicing Lender Zip

40206-1856

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Jeffersonville

Project County Name

CLARK

Project State

IN

Project Zip

47130-3006

CD

IN-09

Jobs Reported

75

NAICS Code

492110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

611923.00

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

27569

Originating Lender

Stock Yards Bank & Trust Company

Originating Lender City

LOUISVILLE

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

616920.99

Forgiveness Date

01/18/2022

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