# PPP loan: AD MAGIC INC
> **$542K** approved 04/15/2020 · Paid in Full · Loan `9895857101`
## Borrower
- **Name:** AD MAGIC INC
- **Address:** 125 Main Street, Netcong, NJ, 07857-1326
- **NAICS:** 541810
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $542K
- **Initial approval:** $542K
- **Forgiven:** $549K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $542K
- **Jobs reported:** 47
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*