# PPP loan: MG RESTAURANTS, LLC
> **$324K** approved 04/10/2020 · Paid in Full · Loan `2408347103`
## Borrower
- **Name:** MG RESTAURANTS, LLC
- **Address:** 2932 Beverly Glen Blvd, LOS ANGELES, CA, 90077
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $259K
- **Rent:** $34K
- **Utilities:** $11K
- **Health care:** $20K
- **Jobs reported:** 18
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*