# PPP loan: MAGIC GOURMET TRADING INC.
> **$500K** approved 04/09/2020 · Paid in Full · Loan `9747437004`
## Borrower
- **Name:** MAGIC GOURMET TRADING INC.
- **Address:** 375 Adrian Road, MILLBRAE, CA, 94030-3104
- **NAICS:** 311412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 81
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*