# PPP loan: MGW PRECISION INC
> **$220K** approved 04/09/2020 · Paid in Full · Loan `8971507001`
## Borrower
- **Name:** MGW PRECISION INC
- **Address:** 4159 MIKE PADGETT HWY, AUGUSTA, GA, 30906-9780
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 16
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*