# PPP loan: MG HOLDINGS, LLC
> **$538K** approved 04/16/2020 · Paid in Full · Loan `2632267206`
## Borrower
- **Name:** MG HOLDINGS, LLC
- **Address:** 187 West Broad Street, Spartanburg, SC, 29306-3234
- **NAICS:** 238290
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $541K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $538K
- **Jobs reported:** 59
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*