# PPP loan: M G MACHINERY, LLC
> **$216K** approved 04/11/2020 · Paid in Full · Loan `3467067107`
## Borrower
- **Name:** M G MACHINERY, LLC
- **Address:** 17361 N INTERSTATE 35, BUDA, TX, 78610-5248
- **NAICS:** 423810
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Rent:** $52K
- **Utilities:** $3K
- **Jobs reported:** 15
## Lender
- **Originating:** PlainsCapital Bank
- **Servicing:** PlainsCapital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*