# PPP loan: MGM SOLUTIONS CORP
> **$407K** approved 07/22/2020 · Exemption 4 · Loan `6972468110`
## Borrower
- **Name:** MGM SOLUTIONS CORP
- **Address:** 8301 NW 107TH CT UNIT 1, DORAL, FL, 33178-1552
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $407K
- **Initial approval:** $407K
- **Forgiven:** $367K (90%)
- **Forgiveness date:** 10/20/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $407K
- **Jobs reported:** 18
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*