PPP Loan information for Mgm products, inc

$1,097,831

Mgm products, inc was initially approved for PPP Loan of amount $1,097,831, the current approved amount is $1,097,831. The loan was approved on 04/30/2020 by The Truist Bank reported 115 jobs and $1,097,831 was used to fund payroll.

Mgm products, inc is Existing or more than 2 years old

PPP Loan Search / GA / Conyers / Mgm products, inc

MGM PRODUCTS, INC

Date Approved

04/30/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

MGM PRODUCTS, INC

Borrower Address

1080 Culpepper Dr.

Borrower City

Conyers

Borrower State

GA

Borrower Zip

30094

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1097831.00

Current Approval Amount

1097831.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Conyers

Project County Name

ROCKDALE

Project State

GA

Project Zip

30094-0300

CD

GA-04

Jobs Reported

115

NAICS Code

111110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1097831.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1107162.56

Forgiveness Date

03/11/2021

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