# PPP loan: MG AUTOMATION & CONTROLS CORPORATION
> **$331K** approved 04/13/2020 · Paid in Full · Loan `4254437101`
## Borrower
- **Name:** MG AUTOMATION & CONTROLS CORPORATION
- **Address:** 1412 EDWARDS AVE, NEW ORLEANS, LA, 70123-2268
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $334K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $331K
- **Jobs reported:** 20
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*