# PPP loan: MGM CONTRACTING INC.
> **$762K** approved 02/03/2021 · Paid in Full · Loan `2408338401`
## Borrower
- **Name:** MGM CONTRACTING INC.
- **Address:** 2907 Shelter Island Dr Ste 105, San Diego, CA, 92106-2797
- **NAICS:** 562910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $762K
- **Initial approval:** $762K
- **Forgiven:** $768K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $762K
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*