# PPP loan: MGC SYSTEMS CORP.
> **$912K** approved 03/24/2021 · Paid in Full · Loan `7596858610`
## Borrower
- **Name:** MGC SYSTEMS CORP.
- **Address:** 4575 Witmer Industrial Est, Niagara Falls, NY, 14305-1386
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $912K
- **Initial approval:** $912K
- **Forgiven:** $919K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $912K
- **Jobs reported:** 72
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*