# PPP loan: MGB WELLNESS INC.
> **$172K** approved 01/21/2021 · Paid in Full · Loan `2549788302`
## Borrower
- **Name:** MGB WELLNESS INC.
- **Address:** 1305 Foothill Dr, Wheaton, IL, 60189-7338
- **NAICS:** 621399
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 05/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $172K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** American Community Bank & Trust
- **Servicing:** American Community Bank & Trust (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*