# PPP loan: MGD ENTERPRISES INC
> **$152K** approved 04/09/2020 · Paid in Full · Loan `8954387000`
## Borrower
- **Name:** MGD ENTERPRISES INC
- **Address:** 308 W Lakewood St, SPRINGFIELD, MO, 65810-1888
- **NAICS:** 238390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $13K
- **Utilities:** $4K
- **Jobs reported:** 16
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*