PPP Loan information for Mg oil company, inc

$972,765

Mg oil company, inc was initially approved for PPP Loan of amount $972,765, the current approved amount is $972,765. The loan was approved on 04/30/2020 by The First Interstate Bank reported 180 jobs and $972,765 was used to fund payroll.

Mg oil company, inc is Existing or more than 2 years old

PPP Loan Search / SD / RAPID CITY / Mg oil company, inc

MG OIL COMPANY, INC

Date Approved

04/30/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

MG OIL COMPANY, INC

Borrower Address

1180 Creek Drive

Borrower City

RAPID CITY

Borrower State

SD

Borrower Zip

57703

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

972765.00

Current Approval Amount

972765.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

41844

Servicing Lender Name

First Interstate Bank

Servicing Lender Address

401 N 31st St

Servicing Lender City

BILLINGS

Servicing Lender State

MT

Servicing Lender Zip

59101-1200

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RAPID CITY

Project County Name

PENNINGTON

Project State

SD

Project Zip

57703-0100

CD

SD-

Jobs Reported

180

NAICS Code

424720

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

972765.00

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

41844

Originating Lender

First Interstate Bank

Originating Lender City

BILLINGS

Originating Lender State

MT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

979667.63

Forgiveness Date

01/26/2021

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