# PPP loan: MAGIC TOUCH CORPORATION
> **$261K** approved 04/13/2020 · Paid in Full · Loan `4871887102`
## Borrower
- **Name:** MAGIC TOUCH CORPORATION
- **Address:** PO Box 2516, Jonesboro, AR, 72402
- **NAICS:** 812320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 12/07/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Rent:** $36K
- **Utilities:** $16K
- **Jobs reported:** 54
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*