# PPP loan: MGRM PINNACLE INC.
> **$470K** approved 04/01/2021 · Paid in Full · Loan `4851988706`
## Borrower
- **Name:** MGRM PINNACLE INC.
- **Address:** 2224 W Southern Ave Ste 1, Tempe, AZ, 85282-4345
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $470K
- **Initial approval:** $470K
- **Forgiven:** $475K (101%)
- **Forgiveness date:** 05/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $470K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*