As part of the Paycheck Protection Program MAGIC CITY MOTOR CORPORATION was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MAGIC CITY MOTOR CORPORATION


Loan Amount	$1,614,300
BusinessName	MAGIC CITY MOTOR CORPORATION
Address	809 Williamson Road NE
City	ROANOKE
State	VA
Zip	24016
NAICSCode	441110
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	0
DateApproved	04/07/2020
Lender	American National Bank and Trust Company
CD	VA-06
BusinessName.clean	MAGIC CITY MOTOR

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MAGIC COIL PRODUCTS
MAGIC FOOD MANAGEMENT
MAGIC LAUNDRY SERVICES
MAGIC METALS
450 NORTH RIVER DRIVE