AG & MG ENTERPRISES INC. (IN) - 2020 PPP Loan Borrower Profile (# 8602817005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AG & MG ENTERPRISES INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Indiana.

Loan Detail

Loan Number

8602817005

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$43,900

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$44,263.23

Date Loan was Forgiven

Feb 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

43,900

Lender

German American Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811111

Borrower Location

MADISON, IN

Project Location

MADISON, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.