# PPP loan: MAGIC CITY MOTORCYLES INC
> **$313K** approved 01/20/2021 · Paid in Full · Loan `1918528307`
## Borrower
- **Name:** MAGIC CITY MOTORCYLES INC
- **Address:** 6701 Highway 83 S, Minot, ND, 58701-7636
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $313K
- **Initial approval:** $313K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $313K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** First Western Bank & Trust
- **Servicing:** First Western Bank & Trust (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*