# PPP loan: MG CONSTRUCTION CO
> **$410K** approved 05/25/2020 · Paid in Full · Loan `2936097801`
## Borrower
- **Name:** MG CONSTRUCTION CO
- **Address:** 1810 Englishtown Road, Old Bridge Township, NJ, 08857
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $416K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Rent:** $51K
- **Utilities:** $51K
- **Jobs reported:** 86
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*