# PPP loan: THE MAGNATE GROUP INC
> **$197K** approved 03/12/2021 · Paid in Full · Loan `9288318500`
## Borrower
- **Name:** THE MAGNATE GROUP INC
- **Address:** 226 N McDonough St, Jonesboro, GA, 30236-3608
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $193K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 11/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 24
## Lender
- **Originating:** Grow America Fund, Incorporated
- **Servicing:** Grow America Fund, Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*