# PPP loan: MMG ADVISORS INC.
> **$247K** approved 03/13/2021 · Paid in Full · Loan `1589988608`
## Borrower
- **Name:** MMG ADVISORS INC.
- **Address:** 561 Fashion Ave, New York, NY, 10018-1800
- **NAICS:** 541611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*