# PPP loan: MAG IV, INC
> **$261K** approved 04/14/2020 · Paid in Full · Loan `7175697104`
## Borrower
- **Name:** MAG IV, INC
- **Address:** 110 SEK ST, GRANTS PASS, OR, 97526-3120
- **NAICS:** 541213
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $266K (102%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Jobs reported:** 5
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*