# PPP loan: MG LOGISTICS INC
> **$612K** approved 03/17/2021 · Paid in Full · Loan `3874888600`
## Borrower
- **Name:** MG LOGISTICS INC
- **Address:** 380 Missouri Ave Ste A4, Jeffersonville, IN, 47130-3006
- **NAICS:** 492110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $612K
- **Initial approval:** $612K
- **Forgiven:** $617K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $612K
- **Utilities:** $1
- **Jobs reported:** 75
## Lender
- **Originating:** Stock Yards Bank & Trust Company
- **Servicing:** Stock Yards Bank & Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*