# PPP loan: MGT LOGISTICS, INC.
> **$204K** approved 04/13/2020 · Paid in Full · Loan `4681217110`
## Borrower
- **Name:** MGT LOGISTICS, INC.
- **Address:** 1417 BALLYCLARE CT, RALEIGH, NC, 27614-7168
- **NAICS:** 492110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $207K (102%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Jobs reported:** 21
## Lender
- **Originating:** S & T Bank
- **Servicing:** S & T Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*