# PPP loan: THE MAGNETIC COLLECTIVE LLC
> **$274K** approved 04/27/2020 · Paid in Full · Loan `4560157207`
## Borrower
- **Name:** THE MAGNETIC COLLECTIVE LLC
- **Address:** 180 VARICK ST RM 1116, New York, NY, 10014-5434
- **NAICS:** 541320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Jobs reported:** 13
## Lender
- **Originating:** HSBC Bank USA, National Association
- **Servicing:** HSBC Bank USA, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*