# PPP loan: MAGCO, INC
> **$274K** approved 04/07/2020 · Paid in Full · Loan `7415747008`
## Borrower
- **Name:** MAGCO, INC
- **Address:** 302 OLD HIGHWAY 84 LOOP, LAUREL, MS, 39443-7304
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Jobs reported:** 27
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*