Mg Beverage Systems, INC

$469,605 PPP Loan in Statesville, North Carolina

Loan Details

Loan Number
8741707105
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$469,605
Current Approval
$469,605
Forgiveness Amount
$473,156
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mg Beverage Systems, INC
Address
1404 Old Salisbury Rd
ZIP Code
28625-6244
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424410)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$13.1M
Rural/Urban
Rural
Congressional District
NC-10

Loan Use Breakdown

Payroll
$375,684
Rent
$90,521
Utilities
$3,400

Lender Information

Servicing Lender
Provident Bank
Originating Lender
Provident Bank

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