# PPP loan: MAGIK ENTERPRISES, INC.
> **$293K** approved 02/09/2021 · Paid in Full · Loan `5664548408`
## Borrower
- **Name:** MAGIK ENTERPRISES, INC.
- **Address:** 3500 E Tachevah Dr A, Palm Springs, CA, 92262-5491
- **NAICS:** 238150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $293K
- **Initial approval:** $293K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $293K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*