# PPP loan: RMG OF VIRGINIA AVENUE INC
> **$272K** approved 04/09/2020 · Paid in Full · Loan `8861547001`
## Borrower
- **Name:** RMG OF VIRGINIA AVENUE INC
- **Address:** 3070 MERCER UNIVERSITY DRIVE SUITE 101, ATLANTA, GA, 30341-4121
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Forgiven:** $274K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $272K
- **Jobs reported:** 65
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*