# PPP loan: MAGNIFICAT DESIGNS LLC
> **$153K** approved 06/22/2020 · Charged Off · Loan `1556918003`
## Borrower
- **Name:** MAGNIFICAT DESIGNS LLC
- **Address:** 200 Davis Road, Delray Beach, FL, 33445-3441
- **NAICS:** 711190
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $114K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 9
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*