# PPP loan: MAGNATAG INC.
> **$827K** approved 01/29/2021 · Paid in Full · Loan `8360788306`
## Borrower
- **Name:** MAGNATAG INC.
- **Address:** 2031 Oneil Rd, Macedon, NY, 14502-8953
- **NAICS:** 339950
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $827K
- **Initial approval:** $827K
- **Forgiven:** $833K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $827K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*