# PPP loan: MGB 1 LLC
> **$151K** approved 04/28/2020 · Paid in Full · Loan `6404297200`
## Borrower
- **Name:** MGB 1 LLC
- **Address:** 485 West Street, AMHERST, MA, 01002
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 20
## Lender
- **Originating:** Greenfield Savings Bank
- **Servicing:** Greenfield Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*