# PPP loan: R&S MAGIC SOUL FOOD, INC
> **$851K** approved 05/27/2020 · Charged Off · Loan `4057777807`
## Borrower
- **Name:** R&S MAGIC SOUL FOOD, INC
- **Address:** 11244 Pines Blvd, Pembroke Pines, FL, 33026-4101
- **NAICS:** 721199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $851K
- **Initial approval:** $851K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $638K
- **Rent:** $106K
- **Utilities:** $106K
- **Jobs reported:** 48
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*