# PPP loan: MGM LABOR CONTRACTING INC
> **$774K** approved 03/18/2021 · Exemption 4 · Loan `4123558610`
## Borrower
- **Name:** MGM LABOR CONTRACTING INC
- **Address:** 1788 S Plano St, Porterville, CA, 93257-9114
- **NAICS:** 115115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $774K
- **Initial approval:** $774K
- **Forgiven:** $645K (83%)
- **Forgiveness date:** 06/09/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $774K
- **Utilities:** $1
- **Jobs reported:** 200
## Lender
- **Originating:** Bank of the Sierra
- **Servicing:** Bank of the Sierra (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*