# PPP loan: MG OIL COMPANY, INC
> **$973K** approved 04/30/2020 · Paid in Full · Loan `7147547304`
## Borrower
- **Name:** MG OIL COMPANY, INC
- **Address:** 1180 Creek Drive, RAPID CITY, SD, 57703
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $973K
- **Initial approval:** $973K
- **Forgiven:** $980K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $973K
- **Jobs reported:** 180
## Lender
- **Originating:** First Interstate Bank
- **Servicing:** First Interstate Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*