# PPP loan: MAGIC TRANSPORT INC
> **$749K** approved 01/23/2021 · Paid in Full · Loan `4630298304`
## Borrower
- **Name:** MAGIC TRANSPORT INC
- **Address:** PEPSI INDUSTRIAL PARK, Toa Baja, PR, 00949
- **NAICS:** 488320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $749K
- **Initial approval:** $749K
- **Forgiven:** $752K (100%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $749K
- **Utilities:** $1
- **Jobs reported:** 102
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*