# PPP loan: MAGRITTE INC.
> **$453K** approved 04/12/2020 · Paid in Full · Loan `4000277101`
## Borrower
- **Name:** MAGRITTE INC.
- **Address:** 1274 Calle 48 SE Urb. La Riviera, SAN JUAN, PR, 00921
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $453K
- **Initial approval:** $453K
- **Forgiven:** $459K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Rent:** $109K
- **Utilities:** $5K
- **Jobs reported:** 127
## Lender
- **Originating:** FirstBank Puerto Rico
- **Servicing:** FirstBank Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*