# PPP loan: MAGINNIS ORTHODONTICS INC
> **$312K** approved 04/05/2020 · Paid in Full · Loan `5477247007`
## Borrower
- **Name:** MAGINNIS ORTHODONTICS INC
- **Address:** FORDING ISLAND RD, BLUFFTON, SC, 29910-4209
- **NAICS:** 621210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $311K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Rent:** $20K
- **Utilities:** $20K
- **Health care:** $20K
- **Debt interest:** $20K
- **Jobs reported:** 48
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*