# PPP loan: MAGIC TRANSPORT, INC
> **$711K** approved 04/28/2020 · Paid in Full · Loan `7229867201`
## Borrower
- **Name:** MAGIC TRANSPORT, INC
- **Address:** Pepsi Industrial Park PR2 Km 19.5 Int Barrio Candelaria, Toa Baja, PR, 00949
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $711K
- **Initial approval:** $711K
- **Forgiven:** $715K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $711K
- **Jobs reported:** 105
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*