# PPP loan: BGM GROUP, LLC
> **$592K** approved 04/14/2020 · Paid in Full · Loan `6888507110`
## Borrower
- **Name:** BGM GROUP, LLC
- **Address:** 19295 N. 3rd Street Ste 14, COVINGTON, LA, 70433
- **NAICS:** 621610
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $592K
- **Initial approval:** $592K
- **Forgiven:** $598K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $553K
- **Rent:** $12K
- **Utilities:** $911
- **Health care:** $25K
- **Debt interest:** $2K
- **Jobs reported:** 87
## Lender
- **Originating:** BankPlus
- **Servicing:** BankPlus (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*