# PPP loan: MAGIC SPACE ENTERTAINMENT INC
> **$398K** approved 04/07/2020 · Paid in Full · Loan `7477557005`
## Borrower
- **Name:** MAGIC SPACE ENTERTAINMENT INC
- **Address:** 2750 Rasmussen Road Ste 205, PARK CITY, UT, 84098-5299
- **NAICS:** 711410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $398K
- **Initial approval:** $368K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $299K
- **Mortgage interest:** $90K
- **Utilities:** $10K
- **Jobs reported:** 12
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*