# PPP loan: MAGIC VALLEY CONCRETE LLC
> **$648K** approved 04/04/2020 · Paid in Full · Loan `5009137008`
## Borrower
- **Name:** MAGIC VALLEY CONCRETE LLC
- **Address:** 3609 W PALMA VISTA DR, PALMVIEW, TX, 78572-1861
- **NAICS:** 327320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $648K
- **Initial approval:** $606K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $496K
- **Utilities:** $151K
- **Jobs reported:** 101
## Lender
- **Originating:** Texas National Bank
- **Servicing:** Texas National Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*