# PPP loan: MG BIOLOGICS, INC.
> **$283K** approved 04/07/2020 · Paid in Full · Loan `7126717003`
## Borrower
- **Name:** MG BIOLOGICS, INC.
- **Address:** 2366 270th St, AMES, IA, 50014-2616
- **NAICS:** 325414
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Jobs reported:** 35
## Lender
- **Originating:** South Story Bank & Trust
- **Servicing:** South Story Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*