As part of the Paycheck Protection Program MG OIL COMPANY, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MG OIL COMPANY, INC


Loan Amount	$972,765
BusinessName	MG OIL COMPANY, INC
Address	1180 Creek Drive
City	RAPID CITY
State	SD
Zip	57703
NAICSCode	424720
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/30/2020
Lender	Great Western Bank
CD	SD-
BusinessName.clean	MG OIL COMPANY

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MG RESTAURANTS
MG SERVICES
MG STOVER CO
MG101 CAL
MG301 MISSION