# PPP loan: MGE WHOLESALE INC.
> **$349K** approved 06/24/2020 · Paid in Full · Loan `2888888008`
## Borrower
- **Name:** MGE WHOLESALE INC.
- **Address:** 5021 NIMTZ PKWY, SOUTH BEND, IN, 46628-6134
- **NAICS:** 423910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $350K (100%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $349K
- **Jobs reported:** 35
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*