# PPP loan: MJC AUTO ENTERPRISE
> **$572K** approved 01/19/2021 · Paid in Full · Loan `1579658305`
## Borrower
- **Name:** MJC AUTO ENTERPRISE
- **Address:** 2301 US Highway 22 W, Union, NJ, 07083-8517
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $572K
- **Initial approval:** $572K
- **Forgiven:** $577K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $572K
- **Utilities:** $1
- **Jobs reported:** 37
## Lender
- **Originating:** Magyar Bank
- **Servicing:** Magyar Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*