# PPP loan: MAGIC COIL PRODUCTS LLC
> **$919K** approved 03/16/2021 · Paid in Full · Loan `3037638609`
## Borrower
- **Name:** MAGIC COIL PRODUCTS LLC
- **Address:** 4143 County Road 61, Butler, IN, 46721-9562
- **NAICS:** 423510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $919K
- **Initial approval:** $919K
- **Forgiven:** $925K (101%)
- **Forgiveness date:** 11/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $919K
- **Utilities:** $1
- **Jobs reported:** 56
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*