# PPP loan: MAGAMA LLC
> **$202K** approved 04/11/2020 · Paid in Full · Loan `3605227106`
## Borrower
- **Name:** MAGAMA LLC
- **Address:** 2525 W MILITARY HWY SUITE 10, MCALLEN, TX, 78503-5502
- **NAICS:** 999990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $202K
- **Initial approval:** $202K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Utilities:** $20K
- **Jobs reported:** 53
## Lender
- **Originating:** Vantage Bank Texas
- **Servicing:** Vantage Bank Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*