# PPP loan: MAGEC GROUP, LLC
> **$177K** approved 04/15/2020 · Paid in Full · Loan `8841767109`
## Borrower
- **Name:** MAGEC GROUP, LLC
- **Address:** 8415 ALLISON POINTE BLVD Suite 220, INDIANAPOLIS, IN, 46250-4208
- **NAICS:** 524210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $184K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $24K
- **Utilities:** $2K
- **Jobs reported:** 11
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*