# PPP loan: M.G.S. MANUFACTURING INC.
> **$690K** approved 04/07/2020 · Paid in Full · Loan `6532537009`
## Borrower
- **Name:** M.G.S. MANUFACTURING INC.
- **Address:** 122 Otis Street, ROME, NY, 13441-4714
- **NAICS:** 333249
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $690K
- **Initial approval:** $690K
- **Forgiven:** $695K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $517K
- **Rent:** $43K
- **Mortgage interest:** $43K
- **Utilities:** $43K
- **Health care:** $43K
- **Jobs reported:** 47
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*