# PPP loan: MCGOWAN GROUP, INC.
> **$622K** approved 04/07/2020 · Paid in Full · Loan `6815567007`
## Borrower
- **Name:** MCGOWAN GROUP, INC.
- **Address:** 5474 Nansemond Parkway, SUFFOLK, VA, 23435-2115
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $622K
- **Forgiven:** $625K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $622K
- **Jobs reported:** 42
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*