# PPP loan: MAGNA IMPERIO SYSTEMS CORP
> **$447K** approved 05/03/2020 · Paid in Full · Loan `5375107707`
## Borrower
- **Name:** MAGNA IMPERIO SYSTEMS CORP
- **Address:** 7330 N SAM HOUSTON PKWY W STE 100, HOUSTON, TX, 77064-3580
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $447K
- **Initial approval:** $447K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Jobs reported:** 19
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*