# PPP loan: MAGOO'S OF M.B. INC.
> **$249K** approved 04/28/2021 · Paid in Full · Loan `4229638902`
## Borrower
- **Name:** MAGOO'S OF M.B. INC.
- **Address:** 3308 Waccamaw Blvd, Myrtle Beach, SC, 29579-9464
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*