# PPP loan: LG GROUP INC.
> **$850K** approved 03/31/2021 · Paid in Full · Loan `4060358709`
## Borrower
- **Name:** LG GROUP INC.
- **Address:** 300 Red Brook Blvd Ste 410, Owings Mills, MD, 21117-5147
- **NAICS:** 315990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $856K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $850K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*