# PPP loan: MG HOSPITALITY MET II INC
> **$2.00M** approved 01/25/2021 · Exemption 4 · Loan `5632578303`
## Borrower
- **Name:** MG HOSPITALITY MET II INC
- **Address:** 9090 S Dadeland Blvd, Miami, FL, 33156-7820
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $634K (32%)
- **Forgiveness date:** 04/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Jobs reported:** 225
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*