# PPP loan: MAG ENTERPRISES INC.
> **$334K** approved 05/20/2020 · Paid in Full · Loan `9534087405`
## Borrower
- **Name:** MAG ENTERPRISES INC.
- **Address:** 2740 South Front Street, PHILADELPHIA, PA, 19148-4801
- **NAICS:** 722410
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $334K
- **Initial approval:** $334K
- **Forgiven:** $339K (101%)
- **Forgiveness date:** 11/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $334K
- **Jobs reported:** 45
## Lender
- **Originating:** Parke Bank
- **Servicing:** Parke Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*