# PPP loan: MG NEW YORK INC.
> **$196K** approved 04/29/2020 · Paid in Full · Loan `3927827308`
## Borrower
- **Name:** MG NEW YORK INC.
- **Address:** 14 East 60th Street Suite 400, New York, NY, 10022
- **NAICS:** 561910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 10
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*