# PPP loan: MAG CARRIERS LLC
> **$425K** approved 02/22/2021 · Paid in Full · Loan `3007098503`
## Borrower
- **Name:** MAG CARRIERS LLC
- **Address:** 184 Printup St, Dearing, GA, 30808-4018
- **NAICS:** 484121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $428K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $425K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*