# PPP loan: MAGIC NAILS OAKBROOK LTD
> **$232K** approved 05/01/2020 · Exemption 4 · Loan `7454597700`
## Borrower
- **Name:** MAGIC NAILS OAKBROOK LTD
- **Address:** 3041 BUTTERFIELD RD, OAK BROOK, IL, 60523
- **NAICS:** 812113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $178K (76%)
- **Forgiveness date:** 07/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $232K
- **Jobs reported:** 39
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*