# PPP loan: THE MAGICAL PALACE OF KNOWLEDGE ACADEMY CORP
> **$275K** approved 04/27/2020 · Paid in Full · Loan `3935937208`
## Borrower
- **Name:** THE MAGICAL PALACE OF KNOWLEDGE ACADEMY CORP
- **Address:** 775 Valley Road, Clifton, NJ, 07013-2205
- **NAICS:** 624410
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 29
## Lender
- **Originating:** Blue Foundry Bank
- **Servicing:** Blue Foundry Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*