# PPP loan: MAGELLAN DEVELOPMENT GROUP LLC
> **$844K** approved 04/12/2020 · Paid in Full · Loan `3842747102`
## Borrower
- **Name:** MAGELLAN DEVELOPMENT GROUP LLC
- **Address:** 225 N Columbus, Suite 100, CHICAGO, IL, 60601
- **NAICS:** 531390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $844K
- **Initial approval:** $844K
- **Forgiven:** $849K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $844K
- **Jobs reported:** 42
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*