# PPP loan: MAGNA PUBLICATIONS INC
> **$179K** approved 04/07/2020 · Paid in Full · Loan `6470537002`
## Borrower
- **Name:** MAGNA PUBLICATIONS INC
- **Address:** 2718 Dryden Dr, MADISON, WI, 53704-3006
- **NAICS:** 511110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $134K
- **Rent:** $45K
- **Jobs reported:** 13
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*