# PPP loan: MAGERKS HORSHAM, INC.
> **$567K** approved 04/27/2020 · Paid in Full · Loan `3836217209`
## Borrower
- **Name:** MAGERKS HORSHAM, INC.
- **Address:** 307 Horsham Road, Horsham, PA, 19044
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $567K
- **Forgiven:** $572K (101%)
- **Forgiveness date:** 03/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $477K
- **Rent:** $57K
- **Utilities:** $21K
- **Health care:** $11K
- **Jobs reported:** 97
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*