# PPP loan: RMGS, INC.
> **$1.67M** approved 04/08/2020 · Paid in Full · Loan `7874127009`
## Borrower
- **Name:** RMGS, INC.
- **Address:** 4560 South Boulevard Suite 298, VIRGINIA BEACH, VA, 23452-1136
- **NAICS:** 541618
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.67M
- **Jobs reported:** 111
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*