# PPP loan: MAGIC INDUSTRIES, INC.
> **$692K** approved 04/11/2020 · Paid in Full · Loan `2946207104`
## Borrower
- **Name:** MAGIC INDUSTRIES, INC.
- **Address:** 4651 Poth Road, Columbus, OH, 43213
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $692K
- **Initial approval:** $692K
- **Forgiven:** $699K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $553K
- **Rent:** $43K
- **Mortgage interest:** $32K
- **Utilities:** $19K
- **Health care:** $43K
- **Debt interest:** $1K
- **Jobs reported:** 57
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*