# PPP loan: M & G CONTRACTORS
> **$517K** approved 04/06/2020 · Paid in Full · Loan `6141017009`
## Borrower
- **Name:** M & G CONTRACTORS
- **Address:** 1820 WATSON LN E Ste B, NEW BRAUNFELS, TX, 78130-7259
- **NAICS:** 237120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $517K
- **Initial approval:** $517K
- **Forgiven:** $520K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Utilities:** $129K
- **Jobs reported:** 46
## Lender
- **Originating:** Security State Bank & Trust
- **Servicing:** Security State Bank & Trust (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*