# PPP loan: MGC INDUSTRIAL INC
> **$309K** approved 04/13/2020 · Paid in Full · Loan `5575897105`
## Borrower
- **Name:** MGC INDUSTRIAL INC
- **Address:** 9537 TELSTAR AVE ste 131, EL MONTE, CA, 91731-2907
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $309K
- **Initial approval:** $309K
- **Forgiven:** $313K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Jobs reported:** 31
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*