# PPP loan: MG AUTO CONNECTION INC
> **$502K** approved 03/12/2021 · Paid in Full · Loan `1199218605`
## Borrower
- **Name:** MG AUTO CONNECTION INC
- **Address:** 25601 Mission Blvd, Hayward, CA, 94544-2526
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $502K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $502K
- **Utilities:** $1
- **Jobs reported:** 53
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*