# PPP loan: MGS ENTERPRISES, LTD
> **$549K** approved 04/06/2020 · Paid in Full · Loan `5842797007`
## Borrower
- **Name:** MGS ENTERPRISES, LTD
- **Address:** 370 S Main Place, CAROL STREAM, IL, 60188-2448
- **NAICS:** 541350
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $549K
- **Initial approval:** $549K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $549K
- **Jobs reported:** 28
## Lender
- **Originating:** First Secure Community Bank
- **Servicing:** First Secure Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*