Mg Construction Co

$410,427 PPP Loan in Old Bridge Township, New Jersey

Loan Details

Loan Number
2936097801
Date Approved
May 25, 2020
Loan Status
Paid in Full
Initial Approval
$410,427
Current Approval
$410,427
Forgiveness Amount
$415,633
Forgiveness Date
Sep 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mg Construction Co
Address
1810 Englishtown Road
ZIP Code
08857
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (236115)
Business Age
Existing or more than 2 years old
Jobs Reported
86
Estimated Revenue
$26.1M
Rural/Urban
Urban
Congressional District
NJ-12

Loan Use Breakdown

Payroll
$307,820
Rent
$51,303
Utilities
$51,303

Lender Information

Servicing Lender
Celtic Bank Corporation
Originating Lender
Celtic Bank Corporation

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