# PPP loan: VY MGM LLC
> **$160K** approved 04/05/2020 · Paid in Full · Loan `5350237007`
## Borrower
- **Name:** VY MGM LLC
- **Address:** 405 CLOVERDALE RD, MONTGOMERY, AL, 36106-1801
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (102%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $28K
- **Utilities:** $12K
- **Jobs reported:** 23
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*