# PPP loan: MGW TELEPHONE COMPANY, INC.
> **$189K** approved 04/04/2020 · Paid in Full · Loan `4869577006`
## Borrower
- **Name:** MGW TELEPHONE COMPANY, INC.
- **Address:** 27 North CENTRAL AVE, STAUNTON, VA, 24401-4212
- **NAICS:** 517410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $189K
- **Jobs reported:** 16
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*