# PPP loan: MAGICCUBE INC
> **$281K** approved 04/27/2020 · Paid in Full · Loan `5921477210`
## Borrower
- **Name:** MAGICCUBE INC
- **Address:** 3979 Freedom Circle Suite 610, Santa Clara, CA, 95054
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $281K
- **Initial approval:** $281K
- **Forgiven:** $285K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Mortgage interest:** $49K
- **Utilities:** $2K
- **Jobs reported:** 10
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*