# PPP loan: MAGIC AUTO CORP
> **$153K** approved 02/19/2021 · Paid in Full · Loan `1566088508`
## Borrower
- **Name:** MAGIC AUTO CORP
- **Address:** KM 22 HM 8 PR 591 MARGINAL PUNTO ORO, PONCE, PR, 00795
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $153K
- **Jobs reported:** 19
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*