# PPP loan: MGM DIVERSIFIED, LLC
> **$652K** approved 04/06/2020 · Paid in Full · Loan `6294137000`
## Borrower
- **Name:** MGM DIVERSIFIED, LLC
- **Address:** 8713 Fallbrook Dr, HOUSTON, TX, 77064-3318
- **NAICS:** 561621
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $652K
- **Initial approval:** $652K
- **Forgiven:** $657K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $542K
- **Rent:** $18K
- **Utilities:** $69K
- **Health care:** $23K
- **Jobs reported:** 48
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*