# PPP loan: MGUC, LLC
> **$487K** approved 04/05/2020 · Paid in Full · Loan `5279897002`
## Borrower
- **Name:** MGUC, LLC
- **Address:** 3006 Bee Caves Road, Suite A-330, AUSTIN, TX, 78746-5579
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $365K
- **Rent:** $122K
- **Jobs reported:** 175
## Lender
- **Originating:** American Bank of Commerce
- **Servicing:** American Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*