# PPP loan: MCDONOUGH INC
> **$716K** approved 04/04/2020 · Paid in Full · Loan `4622597010`
## Borrower
- **Name:** MCDONOUGH INC
- **Address:** 918 Richmond Ave, STAUNTON, VA, 24401-4903
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $716K
- **Initial approval:** $716K
- **Forgiven:** $721K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $716K
- **Jobs reported:** 54
## Lender
- **Originating:** Farmers & Merchants Bank
- **Servicing:** Farmers & Merchants Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*