# PPP loan: MAGIC ICE USA INC.
> **$363K** approved 04/27/2020 · Paid in Full · Loan `5412527203`
## Borrower
- **Name:** MAGIC ICE USA INC.
- **Address:** P.O. Box 163839, MIAMI, FL, 33116-3839
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $329K (91%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $272K
- **Utilities:** $91K
- **Jobs reported:** 453
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*