# PPP loan: FLORIDA MAG ENTERPRISES INC.
> **$754K** approved 04/27/2020 · Paid in Full · Loan `4415027207`
## Borrower
- **Name:** FLORIDA MAG ENTERPRISES INC.
- **Address:** 2001 S FEDERAL HWY, DELRAY BEACH, FL, 33483-3314
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $754K
- **Initial approval:** $754K
- **Forgiven:** $762K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $604K
- **Rent:** $120K
- **Utilities:** $30K
- **Jobs reported:** 75
## Lender
- **Originating:** Mechanics Cooperative Bank
- **Servicing:** Mechanics Cooperative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*