# PPP loan: MAGNA LEATHER CORP
> **$271K** approved 02/17/2021 · Paid in Full · Loan `9576778405`
## Borrower
- **Name:** MAGNA LEATHER CORP
- **Address:** 6841 Commerce Ave, El Paso, TX, 79915-1024
- **NAICS:** 316998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $272K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $271K
- **Jobs reported:** 19
## Lender
- **Originating:** Madison Valley Bank
- **Servicing:** Madison Valley Bank (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*