# PPP loan: AUDIBLE MAGIC CORPORATION
> **$1.42M** approved 04/13/2020 · Paid in Full · Loan `4871437107`
## Borrower
- **Name:** AUDIBLE MAGIC CORPORATION
- **Address:** 985 University Ave Suite 35, Los Gatos, CA, 95032
- **NAICS:** 519190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Mortgage interest:** $56K
- **Jobs reported:** 66
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **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*