# PPP loan: MAGI REALTY, INC
> **$373K** approved 04/06/2020 · Paid in Full · Loan `6211047003`
## Borrower
- **Name:** MAGI REALTY, INC
- **Address:** 85 NE Loop 410 Ste 130, SAN ANTONIO, TX, 78216-5813
- **NAICS:** 531120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $376K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $299K
- **Rent:** $37K
- **Utilities:** $37K
- **Jobs reported:** 28
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*