# PPP loan: MGP INC
> **$550K** approved 04/09/2020 · Paid in Full · Loan `1055437105`
## Borrower
- **Name:** MGP INC
- **Address:** 701 Lee Street Suite 1020, DES PLAINES, IL, 60016-4500
- **NAICS:** 541370
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Rent:** $9K
- **Utilities:** $460
- **Health care:** $36K
- **Jobs reported:** 33
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*