# PPP loan: CORPORATE MAGIC, INC
> **$314K** approved 04/07/2020 · Paid in Full · Loan `6776037008`
## Borrower
- **Name:** CORPORATE MAGIC, INC
- **Address:** 3310 MATRIX DR Suite 100, RICHARDSON, TX, 75082-2735
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $318K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $259K
- **Rent:** $42K
- **Utilities:** $13K
- **Jobs reported:** 13
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*