# PPP loan: MAGELA, INC.
> **$159K** approved 04/28/2020 · Paid in Full · Loan `8487307205`
## Borrower
- **Name:** MAGELA, INC.
- **Address:** 214 SW 2nd, CORVALLIS, OR, 97333
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 22
## Lender
- **Originating:** Citizens Bank
- **Servicing:** Citizens Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*